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!
Subjective Probability
Probability may be determined by a personal statement of how likely an outcome is in a single trial or repetition of the same experiment.
Since subjective probabilities are based on personal judgement, they are peculiar to the individual making the decision. The probability statement depends upon the individual's experience and his familiarity with the facts of the case. Two decision makers with the same amount of information would make different subjective probability estimates of the occurrence of a particular event.
Example
An expert analyst of share prices may give his judgement that the price of ACC shares has a 20% probability of increase i.e., by Rs.500 or more in the next two months, a 60% probability of increase i.e., by less than Rs.500 in the next two months and a 20% probability of remaining unchanged or registering a slight fall.
1.A manufacturing facility consists of five departments, 1, 2, 3, 4 and 5. It produces four components having the manufacturing product routings and production volumes indicated in
Classification : As you know, classification (also called grouping) involves putting together things that have some characteristic in common. We can say that a child is able to c
the segments shown could form a triangle
Quotient Rule : If the two functions f(x) & g(x) are differentiable (that means the derivative exist) then the quotient is differentiable and,
lecturer notes
need help completing my online text. can provide login details
The complete set of all solutions is called as the solution set for the equation or inequality. There is also some formal notation for solution sets. We have to still acknowledge
Now we have to look at rational expressions. A rational expression is a fraction wherein the numerator and/or the denominator are polynomials. Here are some examples of rational e
Sketch the direction field for the subsequent differential equation. Draw the set of integral curves for this differential equation. Find out how the solutions behave as t → ∞ and
A circle touches the side BC of a triangle ABC at P and touches AB and AC when produced at Q and R. Show that AQ= 1/2 (perimeter of triangle ABC) Ans: Since the length o
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