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 man is known to speak truth 3 out of 4 times.He throws adie and reports it is a six. Find the probability that it is actually a six. Solution) we can get a six if a man s
a car comes to a stop from a speed of 30m/s in a distance of 804m. The driver brakes so as to produce a decelration of 1/2m per sec sqaured to begin withand then brakes harder to p
a man in rested rupee 800 is buying rupee 5 shares and then are selling at premium of rupee 1.15. He sells all the shares.find profit
One integer is four times other. The sum of the integers is 5. What is the value of the lesser integer? Let x = the lesser integer and now let y = the greater integer. The ?rst
One-to-one function: A function is called one-to-one if not any two values of x produce the same y. Mathematically specking, this is the same as saying, f ( x 1 ) ≠ f ( x 2
1 . The probability that a couple will have a child with black hair is 0.6. If this couple has 7 children what is (a) the probability that exactly 3 of these children have bl
how to do mathematical proofs
Suppose that at some future time every telephone in the world is assigned a number that contains a country code, 1 to 3 digits long, that is, of the form X, XX , XXX or followed
Example of division: Divide 738 by 83. Solution: Example: Divide 6409 by 28. Solution: Division could be verified through multiplying
First, a solution to an equation or inequality is any number that, while plugged into the equation/inequality, will satisfy the equation/inequality. Thus, just what do we mean by
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