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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.
Find the remainder when 7^103 is divided by 24 Solution) we know by the concept of mod that..... 49 is congruent to 1 mod 24(means if 1 is subtracted fom 49 u get 48 which is
A B C play a game. If chance of their winning it in an attempt arr2/3, 1/2, 1/4 respective. A has a first chance followed by Band Called respective chances of winning the game.
Leptokurtic a) A frequency distribution which is lepkurtic has normally a higher peak than that of the general distribution. The coefficient of kurtosis while determined will
jack and his mother paid $11.50 for tickets to the movies. An adult''s ticket costs $4.50 more than a child''s ticket. What was the cost of each ticket?
Which of the subsequent terms does NOT describe the number 9? Nine is NOT prime since it has 3 factors; 1, 3, and 9. Prime numbers have only 2 factors.
In a parallelogram ABCD AB=20cm and AD=12cm.The bisector of angle A meets DC at E and BC produced at F.Find the length of CF.
The probability of a rare disease striking a described population is 0.003. A sample of 10000 was examined. Determine the expected no. suffering from the disease and thus find out
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calculation of emi %
What is cos 30
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