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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.
A=30, B=45, b=4
Without solving, find out the interval of validity for the subsequent initial value problem. (t 2 - 9) y' + 2y = In |20 - 4t|, y(4) = -3 Solution First, in order to u
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
v=u+at s=ut+1/2at^2
.find lim sup Ek and liminf Ek of Ek=[(-(1/k),1] for k odd and liminf Ek=[(-1,(1/k)] for k even
the limit of f(x) as x approaches 5 is equal to 7. write the definition of limit as it applies to f at this point
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 sel
eqivalentfraction.
discuss the sequencing decision problem for n jobs on two and three machines
Example : Back into the complex root section we complete the claim that y 1 (t ) = e l t cos(µt) and y 2 (t) = e l t sin(µt) Those were a basic set of soluti
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