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Subjective Probability
Probability may be determined by a personal statement of how likely an outcome is in a single trial or repetition of the same experiment.
Since subjective probabilities are based on personal judgement, they are peculiar to the individual making the decision. The probability statement depends upon the individual's experience and his familiarity with the facts of the case. Two decision makers with the same amount of information would make different subjective probability estimates of the occurrence of a particular event.
Example
An expert analyst of share prices may give his judgement that the price of ACC shares has a 20% probability of increase i.e., by Rs.500 or more in the next two months, a 60% probability of increase i.e., by less than Rs.500 in the next two months and a 20% probability of remaining unchanged or registering a slight fall.
I have a 40 question assignment for this topic, will you be able to complete it?
I need help with my homework, I am to the edge right now with this w=5pq/2
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Functional and variations.Block III, Consider the functional S[y]=?_1^2 v(x^2+y'')dx , y(1)=0,y(2)=B Show that if ?=S[y+eg]-S[y], then to second order in e, ?=1/2 e?_1^2¦?g^'
CONSTRUCTING TABLES VERSUS ROTE LEARNING : Ask any adult how she would help a child to acquire simple multiplication facts. There is a very strong possibility that she would say,
cos inverse x -cos inverse 2x=pie\2
find the number of ways 17 employees can b chosen from 327
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Terry earns $680 per week. He is entitled to 4 weeks annual leave and receives an additional holiday loading of 17.5%. Calculate his total pay for this holiday period.
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