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

About matrix?, Explain sparse matrix and Dense matrix?

Explain sparse matrix and Dense matrix?

Example of negative number, Q. Example of negative number? If you take ...

Q. Example of negative number? If you take an elevator 8 stories  down , what would be the opposite of this? The opposite would be that you take the elevator 8 stories  up .

Subset [tabular method], 1.A=the set of whole numbers less tan 4 ? 2.B=the ...

1.A=the set of whole numbers less tan 4 ? 2.B=the set of prime numbers less than 19 ? 3.C=the set of first three days of week?

Describe multiplication and division equations, Describe Multiplication and...

Describe Multiplication and Division Equations? Multiplication Equations :  To solve multiplication equations, divide both sides of the equation by the number being multiplie

Ratio and proportion, the sides of triangleare inthe ratio 2;3;4 if the per...

the sides of triangleare inthe ratio 2;3;4 if the perimeter is 72 cm. find its side.

Shares and dividends, at what price a 6.25%rs 100 share be quoted when the ...

at what price a 6.25%rs 100 share be quoted when the money is worth 5%

Find the volume of water left in the cylindrical tub, A solid is in the for...

A solid is in the form of a right circular cone mounted on a hemisphere. The radius of the hemisphere is 3.5 cm and the height of the cone is 4 cm. The solid is placed in a cylindr

How to subtract fractions with different denominators, Q. How to Subtract f...

Q. How to Subtract fractions with different denominators? Ans. As with adding fractions, you can't subtract unless the denominators are the same. Here is an example: 9/

Compute the probability of event, 1) Let the Sample Space S = {1, 2, 3, 4, ...

1) Let the Sample Space S = {1, 2, 3, 4, 5, 6, 7, 8}. Suppose each outcome is equally likely. Compute the probability of event E = "an even number is selected". P(E) = 2) A s

Give examples on multiplication rule in probability, Example: Suppose your...

Example: Suppose your football team has 10 returning athletes and 4 new members. How many ways can the coach choose one old player and one new one? Solution:  There are 10 wa

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