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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.
We know that the terms in an A.P. are given by a, a + d, a + 2d, a + 3d, ........ a + (n - 2)d, a + (n - 1)d The sum of all t
Chain Rule : Assume that we have two functions f(x) & g(x) and they both are differentiable. 1. If we define F ( x ) = ( f o g ) ( x ) then the derivative of F(x) is,
Testing the hypothesis equality of two variances The test for equality of two population variances is based upon the variances in two independently chosen random samples drawn
I cant figure out how to study for my math test
Consider the integral where the notation means a contour that is parallel to the real z axis, but moved down by a distance d . Use the method of steepest descents to deri
The equation ax2 + 2hxy + by2 =0 represents a pair of straight lines passing through the origin and its angle is tan q = ±2root under h2-ab/(a+b) and even the eqn ax2+2hxy+by2+2gx+
PLEASE PROVIDE SOME STUFF TO WRITE ON SHARES AND DIVIDEND
solve the following simultaneous equations x+y=a+b ; a/x_b/y
Solve : 4x2+2x+3=0 Ans) x^2 + (1/2)x = -(3/4) (x+1/4)^2 = 1/16 - 3/4 = -11/16 implies x = (-1+i(11)^(1/2))/4 and its conjugate.
Decision-Making Under Conditions of Certainty Conditions of certainty tend to be rare, especially when significant decisions are involved. Under conditions of certainty, decis
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