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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 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.
Coming To Grips With Mathematics : How does a child acquire mathematical concepts? Can any concept be presented to a child at any stage in such a manner that the child gets some
The scores of students taking the ACT college entrance examination are normally distributed with a mean m = 20.1 and a standard deviation s = 5.8. A single student is selected a
Do All Our Activities Involve Mathematics? : The answer to this is 'yes' and 'no'. For those who look for mathematics and know where to look for it, it is 'yes'. For those who do
Use the maximum flow algorithm to find a maximum flow and a minimum cut in the given network, where the capacities of arc CF, EC , DE and BD are w = 13, x = 7, y =1, a
Justin weighed 8 lb 12 oz while he was born. At his two-week check-up, he had gained 8 ounces. What was his weight within pounds and ounces? There are 16 ounces within a pound.
Simplify the following expression and state the coefficient of each variables (a)6m-4-2m+15 (b)4x+6y-3x+5y
Jonestown High School has a soccer field whose dimensions can be expressed as 7y 2 and 3xy. What is the area of this field in terms of x and y? Since the area of the soccer ?e
i want to trick to know how can i fastest calculate more than computer
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