Managerial Staistics Saturday 10:00 -12:00 Optimization Unlimited A. Probabilities of a truckload Formula: P(E) = f/n 1 Dry Method Total Truckloads 184 Bluberries in traditional dry method 125 Probability 125/184 0.679347826 2 Wet Method Total Truckloads 184 Bluberries in traditional dry method 59 Probability 59/184 0.320652174 3 Classified as No
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Probability is a measure of how likely an event will occur. The proposition of interest is usually of the form "Will a specific event occur?" The attitude of mind is of the form "How certain are we that the event will occur?" The certainty we adopt can be described in terms of a numerical measure and this number, between 0 and 1 (where 0 indicates impossibility and 1 indicates certainty), we call probability. Independent and dependent events are two events, let’s say (A) and (B), where the fact that
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Probability: is defined on random events (occurrences), takes values between 0 and 1, and can be interpreted as limit of relative frequency (objective probability) Note: In everyday usage, probability might mean the extent of our belief in the occurrence of the event (subjective probability). However, statistics mostly deals with objective interpretation based on relative frequency. j p q y Basic probability rules: P( Sure event) = 1 and P( Impossible event) = 0 P(A or B) = P(A) + P(B) – P(A and
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Probability – a numerical value that represents the chance, likelihood, possibility that an event will occur (always between 0 and 1) Event – Each possible outcome of a variable Source: 3748154 5 Copyright © 2013 Pearson Australia (a division of Pearson Australia Group Pty Ltd) – 9781442548473/Berenson/Basic Business Statistics/3e 9781442549272/Berenson/Business Statistics /2e Events Simple
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Question 1: Sample space: a list of all possible outcomes of the random experiment Event: a collection or set of one or more simple events in a sample space Probability of an event: the sum of the probabilities of the simple events Random experiment: an action or process that leads to one of several possible outcomes The first step in the process of assigning probabilities is to produce a list of the outcomes. The list of outcomes must be exhaustive, which means all possible outcomes must be
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that a random person has the condition, which is 1 just 20 .) This is an example of a conditional probability: we are interested in the probability that a person has the condition (event A) given that he/she tests positive (event B). Let’s write this as Pr[A|B]. How should we define Pr[A|B]? Well, since event B is guaranteed to happen, we should look not at the whole sample space Ω , but at the smaller sample space consisting only of the sample points in B. What should the conditional probabilities
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Person A is going to get a tattoo. He thought of the idea half an hour ago at a party with his friends and has no idea what he is going to get. He will most likely do the first thing that pops into his head. A shoe. Person B is also going to get a tattoo and has thought of getting one for over two years now. He knows exactly what he will get. He has finally perfected his design and decided today was the day. His tattoo is very meaningful and he will not regret it later. Both are going to get a
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ANALYSIS OF BIOLOGICAL ASSETS VALUATION WITH FAIR VALUE ACCOUNTING AND HISTORICAL COST ACCOUNTING METHOD IN PLANTATION SUBSECTOR OF INDONESIAN AGRICULTURAL INDUSTRY IN THE PERIOD OF 2007-2012 Karina Putri Ramadhani1 and Indra Pratama2 1 Thesis Writer, Swiss German University 2 Thesis Advisor, Swiss German University Abstract The analysis of biological assets valuation with fair value accounting and historical cost accounting method in plantation subsector of Indonesian agricultural industry,
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Adrienne Korson Marxism: For and Against Marxism is essentially a critique of Capitalism. In order to understand Marxism, one needs to evaluate the history of Marxism. Heilbroner described Marxism as being “inescapable” (Heilbroner, 15). Marxism is credited with the contribution for uncovering an unsuspected level of reality beneath the surface of capitalism. His mode of inquiry for uncovering the hidden reality of capitalism is through his own invented process of socioanalysis. Because of Marx’s
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and Moist Tropical (similar to maritime tropical, maritime monsoon, or maritime equatorial). Historical geography is the study of the human, physical, fictional, theoretical, and "real" geographies of the past. Historical geography studies a wide variety of issues and topics. A common theme is the study of the geographies of the past and how a place or region changes through time. Many historical geographers study geographical patterns through time, including how people
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