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

Model, What are the features of blending model

What are the features of blending model

Institutional Characteristics - information resources, Institutional Charac...

Institutional Characteristics:  An approach to an understanding of the fields of interest of individuals to be served and of the organisation as a whole could begin by acquiri

Meaning and definition, Meaning and Definition If a group  of N observ...

Meaning and Definition If a group  of N observations is  arranged in ascending or descending  order of magnitude then the  middle  value is  called  median of  these  observat

MODERN MANAGEMENT, DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH...

DISCUSS THE SIGNIFICANCE AND SCOPE OF OPERATION RESEARCH IN MODERN MANAGEMENT

Standard deviation - sampling decisons, Standard Deviation The  standa...

Standard Deviation The  standard deviation of samples (s) can be estimated by  the pilot  study past studies and the  ranges of distribution. A pilot study  may be  conducted

Research paper, Research Paper Overview Research Topic: •    Research ...

Research Paper Overview Research Topic: •    Research the effects of federal mandates in your state.  Examples include the Americans with Disabilities Act, the No Child Left B

Trade literature - classification of documents, Trade Literature: Trad...

Trade Literature: Trade literature consists of documents that give information on the processes and materials involved in the manufacture of a product, various types of produc

Tied ranks equal or repeated rank, Tied Ranks Equal or Repeated Rank W...

Tied Ranks Equal or Repeated Rank When  two or more  items  have equal values  it is  difficult  to give ranks  to them. In  that case  the items are given  the average of the

Operations research 2, management wants to know how many supervisors should...

management wants to know how many supervisors should be hired, and what could be the optimum workload distribution to be applied, given a number of constraints

Linear Programming Problem, A paper mill produces two grades of paper viz.,...

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

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