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

Scope and concept, Explian scope and concept of Operations research?

Explian scope and concept of Operations research?

Simple method, solve the LPP using simple method, maximize z= 3x1+2x2 subje...

solve the LPP using simple method, maximize z= 3x1+2x2 subject to constraints

Non-governmental organisation, Name the feature which is not normally assoc...

Name the feature which is not normally associated with a Non-Governmental Organisation (NGO)?  Government funded is the organisation.

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

Construction procedure for research tool, CONSTRUCTION PROCEDURE The c...

CONSTRUCTION PROCEDURE The construction of an interview schedule or questionnaire is a time consuming task requiring considerable attention to all the details. The investig

Banking operations, sir plz suggest me any book for this...or notes.....

sir plz suggest me any book for this...or notes.....

Knowledge - library and information services, Knowledge: The dictionar...

Knowledge: The dictionary definition of knowledge is 'organised body of information or the comprehension and understanding, consequent on having acquired an organised body of

User groups - information resources, User Groups: The next step would ...

User Groups: The next step would be to identify more specifically the potential user groups. This may be done on the basis of interviews, questionnaires, study of organisation

Decision tree approach, Question: Spencerville Products is expanding ...

Question: Spencerville Products is expanding its operations west of the Mississippi.  Its first step is to build a manufacturing facility in Denver to satisfy demand on the W

Lpp using sipmle method, Maximize Z= 3x1 + 2X2 Subject to the constraints: ...

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

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