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%.
what are challenges and solution of international marketing
every rational nmber is expressible either as a_________or as a____________decimal.
How do I find a bearring using trig?
Mark intends to tile a kitchen floor, which is 9 by 11 ft. How many 6-inch tiles are required to tile the floor? a. 60 b. 99 c. 396 c. Since the tiles are calculated in
what is 200-34-40
A small square is located inside a bigger square. The length of the small square is 3 in. The length of the large square is 7m. What is the area of the big square if you take out t
Q. Show Frequency Tables? Ans. A frequency table is used to show how often a piece of data occurs. Example: Michelle decides to keep track of the number of phone call
Example of Probability Illustration: It has been determined that the probability density function for the wait in line at a counter is specified by, In which t is the
Write Triangles Named by the Lengths of Their Sides? An equilateral triangle is a triangle with three congruent sides. All three sides of this triangle are the same lengt
i want to work with you, please guide me
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