Probability, Mathematics

Assignment Help:

Probability

-Probability is an extremely popular concept in business management. Since it covers the risks such may be included in certain business situations. This is a fact that when a business investment is being arranged, the outcome is generally uncertain. Hence the concept of probability may be utilized to describe the degree of uncertainty of a particular business outcome

Therefore Probability may be defined as the chances of a described event happening. Numerically, probability values range between 1 and 0. A probability of 0 shows the event cannot occur at all. A probability of 1 show the event will certainly happen.

Hence other events have their probabilities along with values lying between 1 and 0

-The formular utilized to determine probability is as given below:

Probability (x) =  r/n = favourable out comes/total out comes


Related Discussions:- Probability

Compute the total and annual return on the investment, 1. Calculate the ann...

1. Calculate the annual interest that you will receive on the described bond-A $500 Treasury bond with a current yield of 4 .2% that is quoted at 106 points? 2. Compute the tota

3-d geometry, Q) In 3D-geometry give + and - signs for x,y,z, in all eight ...

Q) In 3D-geometry give + and - signs for x,y,z, in all eight octants Ans) There is no specific hard rule for numbering the octants. So, it makes no real sense to ask which octan

Marketing plan and its parts, can you offer help with an entry level market...

can you offer help with an entry level marketing class and with developing charts and tables for the final marketing plan?

Find a relationship chart and closeness ranks, 1.A manufacturing facility c...

1.A manufacturing facility consists of five departments, 1, 2, 3, 4 and 5. It produces four components having the manufacturing product routings and production volumes indicated in

Probability, Question: There are 6 letters and 6 self addressed envelopes.W...

Question: There are 6 letters and 6 self addressed envelopes.What is the probability that atleast 1 is placed correctly?? Ans: If we let A be the event that letter A is in the cor

Topological spease, let X be a nonempty set. let x belong to X. show that t...

let X be a nonempty set. let x belong to X. show that the collection l={ union subset of X : union = empty or belong U

Define points, Define Points, Lines, and Spaces Points, lines, and planes...

Define Points, Lines, and Spaces Points, lines, and planes are known as undefined or primitive terms. These are the most significant and fundamental concepts in the study of geom

Sequence and series, Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+.....

Find the sum og series 1+(1+3)+(1+3+5)+.......+(1+3+...+15+17)=

Formula to computing how much lumber to buy, Audrey is creating a increased...

Audrey is creating a increased flowerbed which is 4.5 ft by 4.5 ft. She requires computing how much lumber to buy. If she requires knowing the distance around the flowerbed, which

What is the area covered through the motion of the fan, The arm of a ceilin...

The arm of a ceiling fan measures a length of 25 in. What is the area covered through the motion of the fan blades while turned on? (π = 3.14) The ceiling fan follows a circula

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd