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Overview of Probability

and as long as the coin has not been tampered with, when the coin is thrown into the air there are two mutually exclusive potentia...

A Probability Overview

small plane will crash than a large jet. Traveling by jet is seen as inconsequential. One can in fact look at people and make a ...

Sample Populations and Designs of Probability and Nonprobability

investigators is asking the opinions of anyone on the street (Trochim,, 2005a). Convenience sampling is including persons in the s...

Questions on Probability

The writer looks at the way that probability is used, creating some questions on probability and explaining the answers. Further q...

Student Supplied Case Study on Probability

will give us a 1 in 12 million chance. However we need to look at this in order to consider how correct it is. Here we can look at...

Using Statistics to Assess Investments

Answering questions set by the student, the writer shows how may be useful in assessing investments. The first part of the paper l...

Calculating Probability when given a Mean and the Standard Deviation

The writer shows how the probability for a particular outcome for an investment may be calculated when the mean return and standa...

Using Statistical Analysis and Explaining Probability

collected on the same date each month, the 12th. However, even during a day there are a number of different data points which coul...

Survey Methodological Issues

be counted. Question 2 Probability v. non probability sampling Probability sampling is a random sampling style, the basis of thi...

Business Probability and Statistics

Table 1, the largest single group was women who have been with the company less than 2 years, followed by men who have been with t...

Identity Testing and DNA

known, and "probability of identity" applies only to the father. Genetic Profiles (1998), a laboratory specializing in DNA ...

Probability Distribution

the figure above the line is a one, and there are two possible outcomes, this means the number below the line is 2, giving us 1/2....

Two Issues in Research Methodology

these methods is relatively simple. If all members of a population were identical, there would be no need for probability sampling...

Gambling and its Ramifications

have subtly changed what we consider an acceptable trade-off between safety and privacy," mirroring what many skeptics are stating...

Decision Making Under Uncertainty; Case Study

large capacity option, as this has the potential, with a string demand of creating 50 million dollars of profit. This may be seen ...

Statistical Analysis and Alpha Use

The statistical conclusion validity of a study measures the exact amount of validity shown by the test in a given situation. A te...

Drawing and Using a Decision Tree

Decision trees can be useful tool when making decisions. The writer looks at what a decision tree can do, and then uses a scenari...

Planetary Intelligent Forms of Life Probability

This paper consists of five pages and discusses the real planetary probability of other planets containing intelligent forms of li...

Decision Making and Hazard Insurance

In seven pages this report discusses risk protection as a major underlying role factor of hazard insurance and discusses decision ...

Confirming Understanding of Probability

come up on 1 die for the sum of two dice to be 3. As the sides of the dice are numbered from 1 to 6, the die would have...

Statistical Testing

The t-test gives as a score of 1.5691772 and the p-value (which is a probability value) is 0.074085. From this result there is a s...

Decisions Influencing Home Ownership

demand the process for the homes on the market has also increased and constrained the buyers in terms of affordability (Nellis and...

Business Decisions and Statistical Analysis

it is often necessary for organizations to make decisions in the absence of certainty. Practically speaking, certainty is almost t...

Third Cycle Investment Recommendation for Aquine

chance that the watch will pass the certification. This is a doubling of the chances of failure from 1 in 3 to 2 in 3, and as such...

The Echelon Surveillance System

United States, pursuant to various treaties" ("NSA Watch: Echelon FAQ," n.d.). It is easy to see that well-known global intelligen...

Problems in Probability and Statistics

middle value out of the set, which in this case is 2. Median = 2 Other useful statistical calculations that can be performed upo...

UK Value Determinants and Long Term Life Insurance and Short Term General Insurance

limited guarantees. The Financial Times (3/3/99) reported that when Norwich Union bought London & Edinburgh in October of 1...

History and Political Ramifications of Kosovo

In six pages this paper discusses the present political status of Kosovo in a consideration of the region's history, Albanian and ...

Simulation Model Statistical Case Study

are five main approaches to using probability. The first is the classical approach. Here there is the assumption that all outcomes...

Three Engine Aircraft and Probability

awry! Although probability analysis attempts to take all factors into consideration the reality is that this is an impossib...