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

Linear programming , A paper mill produces two grades of paper viz., X and ...

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

Chi square test - hypothesis testing, Chi Square Test ( X 2 ) Chi Squ...

Chi Square Test ( X 2 ) Chi Square Test Defined  the chi square test is one  simplest  and most  commonly  used non parametric tests in statistical work. The Greek letter X 2

Problem, 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

Formulate this as a Linear Programming Problem, A paper mill produces two g...

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 pa

Lp model, A company produce three sizes of windows fans small,medium and la...

A company produce three sizes of windows fans small,medium and large. The manager has formulated an LP model for production.

Operations research, six operators are to be assigned to the 5 jobs with th...

six operators are to be assigned to the 5 jobs with the cost of assignments

Rank methods spearman s, Rank Methods Spearman s When the variables  u...

Rank Methods Spearman s When the variables  under  consideration are  not capable  of quantitative  measurement but can  be arranged  in serial  order( ranks) we find  correla

Identify and comment on cultural similarities, You are required to analyse ...

You are required to analyse the case study, as indicated under these headings: 1. Identify FIVE persons, bodies, organisations or groups in the case study. 2. For EACH of the

Linear programming , #questionQuestion. a paper mill produces two grades o...

#questionQuestion. a paper mill produces two grades of paper viz.,xand y.Bacause of raw material restrictions, it cannot produce more than 400 tones of grade x paper and 300 tons

Strategies and od intervention techniques, QUESTION 1 Change strategies...

QUESTION 1 Change strategies and OD intervention techniques follow from diagnosis. An inappropriate intervention due to a faulty diagnosis may be very costly to an organization

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