Application of probability in business, Mathematics

Application of Probability in Business

1. Business games of chance for illustration, Raffles Lotteries.

2. Insurance firms: this is generally done when a new client or property is being insured.  The company has to be certain about the chances of the insured risks happening.

3. Business decision making regarding viability of projects hence the projects along with a greater probability has greater chances.

 

Posted Date: 2/18/2013 6:54:30 AM | Location : United States







Related Discussions:- Application of probability in business, Assignment Help, Ask Question on Application of probability in business, Get Answer, Expert's Help, Application of probability in business Discussions

Write discussion on Application of probability in business
Your posts are moderated
Related Questions
4 friends have 235 marbles and want to share.How many marbles should each friend receive?

Describe Visualize Solutions of Simultaneous Equations ? By drawing the graph of each equation in a system of equations, you can see a picture of the system's solutions. Fo

Q. What is the probability of getting a Royal Flush? Ans. Five cards are picked from a standard deck of 52 cards. How many different hands of five cards are possible? What


The canister of the nerf super soaker washout holds 22 ounces of water. say you use 1/2 of the water. how much water is left in the canister

solve for x: logx9

For a population with a mean of μ=80 and a standard deviation of o=12, find the z-score corresponding to each of the following samples. a.    M=83 for a sample of n=4 scores b.

castor brought 6 3/4 carat cakes to share with 26 students. did castor bring enough for each student to have 1/4 of cake?


Can you think of some more advantages of peer interaction and child-to child learning? If you agree that children learn a lot from each other, then how can we maximise such oppo