Probability distribution , Operation Research

Assignment Help:

PROBABILITY DISTRIBUTION

Ordinarily speaking  the probability  of an event  denotes the  likelihood  of its happening. The  value of  probability ranges between  0  an 1. If an  event is certain  to happen it probability  would  be i and if it is  p certain that the  event would not  take place then the  probability of its happening is 0. Ordinarily in social  science the  probability of the happening of an event is rarely  1 or 0. The reason is that  in social   sciences  we deal with situation where  there is always as element of uncertainty about  the happening  or not  happening of  an event. For this  reason  the probability  of the  events  is somewhere  between  0 and 1.

The general  rule of the happening  of an event is  that if an event  can happen  in  ways  and fail to  happen in n ways  them the probability  of the  happening of the vent is  given by.

  P = m / m+ n or

P= Number of cases favourable to  the occurrence of the event / total number  of mutually  exclusive  and exhaustive cases

Odds  in favour of the  occurrence of the event

= m/n= Number of cases favourable to  the occurrence of the event/ the number  of cases  against  the occurrence  of the event

Odds against  the occurrence  of the event

m/n=  The  number  of cases  against  the occurrence of the event/ the number of cases  favourable to  the occurrence of the even.


Related Discussions:- Probability distribution

TRANSPOTATION, LIMITS OF TRANSPOTATION PROBLEM

LIMITS OF TRANSPOTATION PROBLEM

Determine phases-states-decisions and probability , G. Ambler has € 10000 ...

G. Ambler has € 10000 available for a second hand car, but would like to buy a fast car that costs € 25000. He needs the money for that car quickly, and would like to increase his

Simple method, Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 =...

Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2 X 1, X2 = 0

SMU 2nd Semester, A paper mill produces two grades of paper viz., X and Y. ...

A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i

Shubham, what is the job scope in or?

what is the job scope in or?

Decision making - operation research, Decision making is not only the h...

Decision making is not only the headache of management rather all of us make decisions. We daily decide about minor issues. The essential characteristics of all decisions

Research and evaluation, - Please research and discuss this activity. (plea...

- Please research and discuss this activity. (please cite all of the websites) - Prepare a memo on the research and evaluation. What does research and evaluation mean? Ele

Theoretical framework, Ask questiAvatars are virtual characters that can be...

Ask questiAvatars are virtual characters that can be used as representatives of a company that is using the Internet as a distribution channel. For instance, avatars can be used as

One sample tests- hypothesis testing , One Sample Tests The one sample...

One Sample Tests The one sample test is  applied  to a situation where  only a single sample ( one  sample) is taken from  a population in this test the researcher may  be tak

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