Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Relative Frequency
This type of probability requires us to make some qualifications. We define probability of event A, occurring as the proportion of times A occurs, if we repeat the experiment several times under the same or similar conditions.
Example
Consider the following distribution of salaries in a finance company for February, 2002.
Salaries (Rs.)
Frequency
Relative Frequency (%)
2,000 - 5,000
2
4%
5,000 - 8,000
11
22%
8,000 - 11,000
18
36%
11,000 - 14,000
10
20%
14,000 - 17,000
7
14%
17,000 - 20,000
50
100%
For a subsequent month the salaries are likely to have the same distributions unless employees leave or have their salaries raised, or new people join. Hence we have the following probabilities obtained from the above relative frequencies.
Probability
These probabilities give the chance that an employee chosen at random will be in a particular salary class. For example, the probability of an employee's salary being Rs.5,000 - Rs.8,000 is 22%.
project on shares and dividends
Your grandparents gave you a gift of R2 000 on your 16th birth day. You want to invest the money in an account over four years. You have an option of investing the R2 000 at 8% per
one half y minus 14
1) A local factory makes sheets of plywood. Records are kept on the number of mild defects that occur on each sheet. Letting the random variable x represent the number of mild de
Let {An} be sequence of real numbers. Define a set S by: S={i ? N : for all j > i, ai
Unit Normal Vector - Three Dimensional Space The unit normal vector is illustrated to be, N (t) = → T' (t) / (|| T → ' (t)||) The unit normal is orthogonal or normal or
If r,R denote position vectors of points on the straight lines in the direction of a and b respectively, and if n is a unit vector perpendicular to both these directions, show that
write down the order of rotational symmetry of the rectangle
Consider a discrete-time system that is characterized by the following difference equation: Y(n) = x(n)cos? 0 n, where ? 0 is constant value, x(n)are the discrete-time input
Players and spectators enter a ballpark according to independent Poisson processes having respective rates 5 and 20 per hour. Starting at an arbitrary time, compute the probability
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd