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
what are the applications of de moiver''s theorem in programming and software engineering

i don''t understand what my teacher when she talks about when she talks about cosecutive integers etc... so can u help me???

project assignment of page no.19 question no.2

The Definition- The definition of the Laplace transforms. We will also calculate a couple Laplace transforms by using the definition. Laplace Transforms- As the earlier secti

what does 4/100+1/10=

The total ticket sales for a soccer game were $1,260; 210 tickets were purchased. If all the tickets are the similar price, what was the cost of a ticket? Divide the total sale

What is the Vertex Form for a Quadratic Equation ? The vertex form for a quadratic function is as follows: f(x) = a(x - h) 2 + k The graph of this function Is a parabola whos

A palm tree of heights 25m is broken by storm in such a way that its top touches the ground at a distance of 5m from its root,but is not separated from the tree.Find the height at

A fish tank has the base area of 45 cm3 and is filled to the depth of 12 cm.If the height is 25 cm then how much more will be needed to fill the rest of the tank?

Sharon purchased six adult movie tickets. She spent $43.50 on the tickets. How much was each ticket? To ?nd out the price of each individual ticket, you should divide the total