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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
Determine the inverse of the following matrix, if it exists. We first form the new matrix through tacking onto the 3 x 3 identity matrix to this matrix. It is, We
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Tori was asked to provide an example of the commutative property of addition. Which of the subsequent choices would be correct? Using the simple interest formula Interest = pr
Problem1: Find the general solution on -π/2 Dy/dx +(tan x)y =(sin 2 x)y 4
Q. Suppose the probability of David coming to a party is 75% and the probability of Jason coming to a party is 85%. What is the probability that they will both come to a party, a
How to Converting Decimals to Percents ? To convert a decimal to a percent: Move the decimal point two decimal places to the right. Place a percent sign after the resulting
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Disjointed Sets or Mutually Exclusive Two sets are said to be mutually or disjointed exclusive whether they have no elements in common. Sets P and R underneath are disjointed
Mike sells on the average 15 newspapers per week (Monday – Friday). Find the probability that 2.1 In a given week he will sell all the newspapers [7] 2.2 In a given day he will
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