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%.
Previously discussed how important it is to expose children to a variety of verbal problems involving the concept that they are trying to learn. Children attach meaning to the abst
what is 200-34-40
give an example of a binomial of degree 27?
OTHER WAYS TO AID LEARNING : Here we shall pay particular attention to the need for repetition, learning from other children, and utilising errors for learning.
Which of the subsequent numbers will yield a number larger than 23.4 while it is multiplied by 23.4? When multiplying through a number less than 1, you get a product in which i
i have problems with math and my teacher said that i am still progressing in math
Find out if the following series is convergent or divergent. Solution There really is not very much to these problems another than calculating the limit and then usin
what Is the common denominator for 1/2 and 1/4
John has a choice of using one of two parking garages when he visits downtown: Option1: $8 an hour for the first two hours, then $2 and hour for each hour more than 2; or Op
Decision-making Under Conditions of Risk With decision-making under conditions of risk all possible states of nature are known and the decision maker has sufficient knowledge
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