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

#methode, #what are the methods of OR ?

#what are the methods of OR ?

LInear Programming, - A paper mill produces two grades of paper viz., X an...

- 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 pape

Research design and methodology , Case Study - Research Design RJR N...

Case Study - Research Design RJR Nabisco Ever since the health aspects  of smoking  became  a public  issue  shortly after world war II the tobacco industry knew there

Modi Method, a manufacture wants to ship 8 loads of his product as shown be...

a manufacture wants to ship 8 loads of his product as shown below. The matrix gives the mileage from origin to the destination D.

Markov analysis, The town of Silverton, Colorado, has three gasoline statio...

The town of Silverton, Colorado, has three gasoline stations, Shell, Exxon, and Arco. Customer selection of service stations can be modeled as a Markov process, with the following

Calculate, A paper mill produces two grades of paper viz X and Y. Because o...

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 in

Calculate the yearly cost of waiting time, The Omega company, Brisbane, pro...

The Omega company, Brisbane, produces potato chips, corn, cheese twists, and popcorn. These products are made in Brisbane and then shipped to company warehouses and distribution ce

Rules regarding the table structure, Rules  Regarding the Table  Structur...

Rules  Regarding the Table  Structure a. Table Number: When a number  of tables  are constructed serial number of the tables  should  be given  to each table. b. Title Th

Discuss the term group decision making, a. Determine the following with res...

a. Determine the following with respect to decision making approaches: (i) Group decision making (ii) Directive, analytic, conceptual and behavioral decision making styles (8

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