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%.
The price of heating oil rose from $1.10 per gallon to $1.43 per gallon. What is the percent of increase? The price of heating oil rose $0.33 ($1.43 - $1.10 = $0.33). To ?nd ou
Integrate following. ∫ -2 2 4x 4 - x 2 + 1dx Solution In this case the integrand is even & the interval is accurate so, ∫ -2 2 4x 4 - x 2 + 1dx = 2∫ o
Simplify following and write the answers with only positive exponents. (a) ( x 8.2 y -0.26 z 2 ) 0.5 (b) (x 3 y -4.1 / x -2.7 ) -3 Solution (a) (x 8.2
How to calculate costs if you have a computerised payroll package for your large business?
#There is a balance of $1,234 and this person receive a refund check in the amount of $25 with her paycheck that was deposited into her account for $1500 which made her balance $27
find the amplitude and period of y=3 sin 2 pi x
Ask queFind the normalized differential equation which has {x, xex} as its fundamental setstion #Minimum 100 words accepted#
Discuss demanding total market demand verus gaing market share
In figure, O is the centre of the Circle .AP and AQ two tangents drawn to the circle. B is a point on the tangent QA and ∠ PAB = 125 ° , Find ∠ POQ. (Ans: 125 o ) An s:
the sides of a quad taken at random are x+3y-7=0 x-2y-5=0 3x+2y-7=0 7x-y+17=0 obtain the equation of the diagonals
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