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Statistical Definition of probability:
Ques: (a) (i) Distinguish Statistical Definition of probability from the Classical Definition.
(ii) State the Additive Law of Probability and the Multiplicative Law of Probability for any two events.
(b) A bag contains 3 black, 6 white and 7 red balls. What is the probability that if two balls are drawn at random one will be white and other will be red.
Ques: (a) State Baye's Theorem
(b) Two bags A and B contain respectively 1 white and 5 red balls, 2 white and 1 red balls. One ball is transferred from bag A to bag B and then one ball is drawn from the latter. It happens to be white. What is the probability that the transferred ball was red ?
Ques: (a) (i) Define binomial distribution and its parameters.
(ii) Define Poisson distribution and its parameters.
(b) Write a short note on Normal Distribution and its importance in Statistics.
1) Suppose you want to test a hypothesis that two treatments, A and B, are equivalent against the alternative that the response for A tend to be larger than those of B. You plan to
A. Compute descriptive statistics for each stock and the S&P 500. Comment on your results. Which stocks are most volatile?
Grouped Data In order to find the median, the median class is to be first located and then interpolation is to be used by assuming that items are evenly spaced over the entire
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Charts when the Mean and the Standard Deviation are not known We consider the data corresponding to the example of Piston India Limited. Since we do not know population mean a
Problem : A company supplying electrical products, places a rush order for electric wires. Consignments of wires are to be sent immediately when they are available. Previous
Each weekend, Derek either reads a book (B), goes to the cinema (C), visits his local museum (M), or plays squash (S). If he reads a book one weekend, then he will take part in one
The decision maker ranks lotteries according to the utility function (i) State the independence assumption. Does this decision maker satisfy it? (ii) Is this decision ma
Mid year population 440000 Late fatal death 29 No. of live birth 5200 No. of infant death 423 No. of maternal death 89 No. of infant deaths i
what is the independent variable in how energetic do people feel after drinking different types of soft drints?
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