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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 prop
You are going on a road trip and you buy snack packs and three different kind of beverages. You buy 7 Cokes, 5 Pepsis and 4 Dr. Peppers. You pull out two beverages at random. An
Derive the probability distribution of the completion times: a. The following probability distributions relate to the completion times, in weeks, T A and T B of two independ
for what value of k,the following system of equations have infinite solutions?kx + 5y -(k-5)=0;20x +ky - k=0
if triangle abc is similar to def and ab/de=3/4 find the ratio af their perimeter and area
Suppose A and B be two non-empty sets then every subset of A Χ B describes a relation from A to B and each relation from A to B is subset of AΧB. Normal 0 fals
Retail price index This is weighted average of price relatives based on an average household in the base year. The items consumed are divided into groups as liker food, transp
If a school has lockers with 50 numbers on each combination lock, how many possible combinations using three numbers are there.
Domain and range of a functio: One of the more significant ideas regarding functions is that of the domain and range of a function. In simplest world the domain of function is th
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