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.
a washing machine costs $640 plus an installation charge of 7.5% what is the totalcost?
Five more than the quotient of a number and 2 is at least that number. What is the greatest value of the number? Let x = the number. Notice that quotient is a key word for div
Interpolation is a method of statistical estimation and the word literally means 'making insertions'. Let us consider a well-known situation whi
Children Learn From Each Other : The other day I had gone to a, nearby school to observe the teacher-children interaction. The children were working on a problem that the teacher
We will begin this chapter by looking at integer exponents. Actually, initially we will suppose that the exponents are +ve as well. We will look at zero & negative exponents in a
wha is intergration?
Calucations of gradients find f Graph some level curve f=const. f=9x^2 = 4y^2
Sketch the phase portrait for the given system. Solution : From the last illustration we know that the eigenvectors and eigenvalues for this system are, This tu
If there are (2n+1)terms in an AP ,prove that the ratio of the sum of odd terms and the sum of even terms is (n+1):n Ans: Let a, d be the I term & Cd of the AP. ∴ ak =
The last topic that we want to discuss in this section is that of intercepts. Notice that the graph in the above instance crosses the x-axis in two places & the y-axis in one plac
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