Probability distribution , Operation Research

Assignment Help:

PROBABILITY DISTRIBUTION

Ordinarily speaking  the probability  of an event  denotes the  likelihood  of its happening. The  value of  probability ranges between  0  an 1. If an  event is certain  to happen it probability  would  be i and if it is  p certain that the  event would not  take place then the  probability of its happening is 0. Ordinarily in social  science the  probability of the happening of an event is rarely  1 or 0. The reason is that  in social   sciences  we deal with situation where  there is always as element of uncertainty about  the happening  or not  happening of  an event. For this  reason  the probability  of the  events  is somewhere  between  0 and 1.

The general  rule of the happening  of an event is  that if an event  can happen  in  ways  and fail to  happen in n ways  them the probability  of the  happening of the vent is  given by.

  P = m / m+ n or

P= Number of cases favourable to  the occurrence of the event / total number  of mutually  exclusive  and exhaustive cases

Odds  in favour of the  occurrence of the event

= m/n= Number of cases favourable to  the occurrence of the event/ the number  of cases  against  the occurrence  of the event

Odds against  the occurrence  of the event

m/n=  The  number  of cases  against  the occurrence of the event/ the number of cases  favourable to  the occurrence of the even.


Related Discussions:- Probability distribution

#transportation and linear models.., #what is the similarity and difference...

#what is the similarity and differences between transportation and linear programing models?

Non-governmental organisation, Name the feature which is not normally assoc...

Name the feature which is not normally associated with a Non-Governmental Organisation (NGO)?  Government funded is the organisation.

Applications of statistics in management, In a business, statis...

In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research

Deviation taken from assumed mean, Deviation Taken from Assumed Mean ...

Deviation Taken from Assumed Mean This methods  is assorted  when the  arithmetic  average  is a  fractional value. Taking  deviation from  fractional value would  be a ver

Concept and need for information, CONCEPT AND NEED FOR INFORMATION: W...

CONCEPT AND NEED FOR INFORMATION: We shall look at the meaning, of information as also the meaning of other related words such as data, facts, intelligence, advice, knowledge

Tables and graphs, Normal 0 false false false EN-IN ...

Normal 0 false false false EN-IN X-NONE X-NONE

Bibliography format - report writing presentation , Bibliography Format ...

Bibliography Format a. Introduction : Bibliographies  tell  readers  where they can  locate  information  about  a topic. It is a list of sources  of information  for a repo

Simple graph-correlation and regression analysis, Simple Graph The val...

Simple Graph The values of the two variables are plotted on a graph paper. We get two curves one for x variables and another for y  variables. These  two curves reveal the dir

Sope, sope of operations research in a detailed manner

sope of operations research in a detailed manner

Solve the following Linear Programming Problem using Simple , Solve the fol...

Solve the following Linear Programming Problem using Simple method. Maximize Z= 3x1 + 2X2 Subject to the constraints: X1+ X2 = 4 X1 - X2 = 2

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