Probability, Mathematics

Assignment Help:

Probability

-Probability is an extremely popular concept in business management. Since it covers the risks such may be included in certain business situations. This is a fact that when a business investment is being arranged, the outcome is generally uncertain. Hence the concept of probability may be utilized to describe the degree of uncertainty of a particular business outcome

Therefore Probability may be defined as the chances of a described event happening. Numerically, probability values range between 1 and 0. A probability of 0 shows the event cannot occur at all. A probability of 1 show the event will certainly happen.

Hence other events have their probabilities along with values lying between 1 and 0

-The formular utilized to determine probability is as given below:

Probability (x) =  r/n = favourable out comes/total out comes


Related Discussions:- Probability

Give the introduction to ratios and proportions, Give the introduction to R...

Give the introduction to Ratios and Proportions? A ratio represents a comparison between two values. A ratio of two numbers can be expressed in three ways: A ratio of "one t

Introduction , what states and marketing tasks?

what states and marketing tasks?

Example of circle graphs, Q. Example of circle graphs? Ans. The Un...

Q. Example of circle graphs? Ans. The United States Government pays obligations annually, called "outlays". Medicare contributes to the health and well being of aged an

Example to understand division means, My nephew had been introduced to divi...

My nephew had been introduced to division by his teacher Ms. Santosh, in Class 3. He, and several of his friends who had been taught by her, appeared to be quite comfortable with t

Find the largest possible positive integer, Find the largest possible posit...

Find the largest possible positive integer that will divide 398, 436, and 542 leaving remainder 7, 11, 15 respectively. (Ans: 17) Ans: The required number is the HCF of the n

Unionz, Need a problem solved

Need a problem solved

Fractions, how do I solve 14/27 - 23/27 =

how do I solve 14/27 - 23/27 =

Dora, dora and her family are driving to visit relatives for the holidays t...

dora and her family are driving to visit relatives for the holidays they travel 174 miles in 3 hours if they travel at a constant speed how many miles do they travel in one hourest

Draw the state diagram - transition function, 1. Let M be the PDA with stat...

1. Let M be the PDA with states Q = {q0, q1, and q2}, final states F = {q1, q2} and transition function δ(q0, a, λ) = {[q0, A]} δ(q0, λ , λ) = {[q1, λ]} δ(q0, b, A) = {[q2

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd