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%.
Barbara is packing a wedding gift that is contained within a rectangular box 20 by 18 by 4 in. How much wrapping paper will she require? a. 512 in 2 b. 1,440 in 2 c. 1,0
If a school has lockers with 50 numbers on each combination lock, how many possible combinations using three numbers are there.
X= acost, Y= bsint find paramatric equation
New England University maintains a data warehouse that stores information about students, courses, and instructors. Members of the university's Board of Trustees are very much inte
Financial institutions often create synthetic instruments out of existing instruments. In this case an investment bank plans to buy Treasury Bonds with 20-year maturities at their
my daughter brought home home work im not sure how to do it the fractions has to be labled from least to greatest
Michael made 19 out of 30 free-throws this basketball season. Larry's freethrow average was 0.745 and Charles' was 0.81. John made 47 out of 86 free-throws. Who is the best free-th
An IVP or Initial Value Problem is a differential equation with an appropriate number of initial conditions. Illustration 3 : The subsequent is an IVP. 4x 2 y'' + 12y' +
formules
The law of cosines can only be applied to acute triangles. Is this true or false?
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