Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Relative Frequency
This type of probability requires us to make some qualifications. We define probability of event A, occurring as the proportion of times A occurs, if we repeat the experiment several times under the same or similar conditions.
Example
Consider the following distribution of salaries in a finance company for February, 2002.
Salaries (Rs.)
Frequency
Relative Frequency (%)
2,000 - 5,000
2
4%
5,000 - 8,000
11
22%
8,000 - 11,000
18
36%
11,000 - 14,000
10
20%
14,000 - 17,000
7
14%
17,000 - 20,000
50
100%
For a subsequent month the salaries are likely to have the same distributions unless employees leave or have their salaries raised, or new people join. Hence we have the following probabilities obtained from the above relative frequencies.
Probability
These probabilities give the chance that an employee chosen at random will be in a particular salary class. For example, the probability of an employee's salary being Rs.5,000 - Rs.8,000 is 22%.
A certain bank pays 3.4% interest per year for a certificate of deposit, or CD. What is the total balance of an account after 18 months along with an initial deposit of $1,250?
how to divide a binaries
Two boats leave the same port at the same time. One travels at a constant speed of 30 km/hr at a bearing of 50° and the other on a bearing of 110° at a constant speed of 26 km/hr.
2+2=
Kelli calls her grandmother every month Kelli also calls her cousin.If Kelli calls her cousin in January, how many calls will Kelli have made to her grandmother and her cousin by t
Marc goes to the store with exactly $1 in change. He has at least one of each coin less than a half-dollar coin, but he does not have a half-dollar coin. a. What is the least nu
First, larger the number (ignoring any minus signs) the steeper the line. Thus, we can use the slope to tell us something regarding just how steep a line is. Next, if the slope
What was last years salary if after a 3% increase the salary is 35,020?
mulply # fraction
Q. Multiplying Mixed Numbers? Ans. Multiplying mixed numbers is a 3-step process: 1. Convert the mixed numbers to improper fractions 2. Multiply the fractions 3.
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd