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

Natural numbers, To begin with we have counting numbers. These ...

To begin with we have counting numbers. These numbers are also known as natural numbers and are denoted by a symbol 'N'. These numbers are obtai

Describe the types of triangles, Describe the Types of triangles ? Tria...

Describe the Types of triangles ? Triangles can be classified according to the lengths of the sides or the measures of the angles. 1. Naming triangles by sides An

Show that x(q-r) + y(r-p) + z(p-q) = 0, If the p th , q th & r th term of...

If the p th , q th & r th term of an AP is x, y and z respectively, show that x(q-r) + y(r-p) + z(p-q) = 0 Ans:    p th term ⇒ x = A + (p-1) D q th term ⇒ y = A + (

SHARES AND DIVIDEND, i am a student of class 10 and need help for making my...

i am a student of class 10 and need help for making my project on shares and dividend

Organized list strategy, i can not figer out my homework it says "USE THE M...

i can not figer out my homework it says "USE THE MAKE AN ORGANIZED LIST STRATEGY,Medeline bikes 4 laps around her neighborhood 2 times a week.How many laps does she bike in 8 weeks

Long distance calls cost x cent how much 5-minute call cost, A long distanc...

A long distance calls costs x cents for the first minute and y cents for every additional minute. How much would a 5-minute call cost? The cost of the call is x cents plus y ti

Fraction, 2 over 11 + 2 over 33

2 over 11 + 2 over 33

Principle of superposition, If y 1 (t) and y 2 (t) are two solutions to a...

If y 1 (t) and y 2 (t) are two solutions to a linear, homogeneous differential equation thus it is y (t ) = c 1 y 1 (t ) + c 2 y 2 (t )   ........................(3) Remem

How many 6-inch tiles are required to tile the floor, Mark intends to tile ...

Mark intends to tile a kitchen floor, which is 9 by 11 ft. How many 6-inch tiles are required to tile the floor? a. 60 b. 99 c. 396 c. Since the tiles are calculated in

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