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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.
the circumference of a circle C of radius r is given by C=2pR.taking p to be 22/7 a)find the circumference when the radius is 28 cm b)find the radius when the circumference is 484
Q. Graphs of Sin x and Cos x ? Ans. The sine and cosine functions are related to the path that an object might take around a circle. Suppose a dolphin was swimming over
5.6:4=x:140
Non Linear Relationships If the correlation coefficient and the scatter diagram do not indicate linear relationship, then the relationship may be nonlinear. Two such relations
It is not the first time that we've looked this topic. We also considered linear independence and linear dependence back while we were looking at second order differential equation
Find the perameter of SQUARE in maths? Remember that in a square, all sides are of equal length. A square is also a kind of rectangle. So, you can use length (l) times width
Find the common difference of an AP whose first term is 100 and sum of whose first 6 terms is 5 times the sum of next 6 terms. Ans: a = 100 APQ a 1 + a 2 + ....... a 6
Estimate the area between f ( x ) =x 3 - 5x 2 + 6 x + 5 and the x-axis by using n = 5 subintervals & all three cases above for the heights of each of the rectangle. Solution
hellow my name is isa soo what is your name?? i love the name experts mind so what is 8000+98800+600+935=what i do not know so can you tell me thank you oh thir is another one wha
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