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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 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...

Identity Testing and DNA

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

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...

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...

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...

Gambling and its Ramifications

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

Three Engine Aircraft and Probability

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

Excel Baseball Case Study

Min $300,000 Range $6,200,000 San Francisco San Fransico Max $15,000,000 Min $300,000 Range $14,700,000 NY Mets NY Mets M...

Case Study on Cemex

However, when we look at this project there are many more complications, Cemex is not an Indonesian company and as such the net pr...

Bayesian Logic and CoffeeTime's 'Borrow Information'

houses in closer proximity to the university or financial district turn a better profit than those in more outlying locations (whi...

The Impact of the Inflation Statement Of May, 2003

to hear its prognostication for the near future (Gosselin, 2003), indicating how "the Fed would be forced into deflation-fighting ...

Personal Probability and the Influences of Psychology

18 and 50, who have demonstrated a willingness to participate. The surveys will be collected over a two week period in order to g...

Questions on Inventory and Supply Chain Management

(CSR). Formerly little more than the means of getting goods from one place to another, logistics management has the ability to pl...

Questions on Statistics Topics Answered

79, 78, 50, 80, 98, 88, 79, 71, 57, 81, 41, 65, 50, 71, 91, 75, 60, 79, 79, 71, 65, 85, 64 for the following questions. Mean 71.88...

Probability and Statistics Questions VII

2-20. Age, Gender and Personnel What is the probability that the manager chosen will be either a woman over 50 or both...

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 ...

Arguing Against Capital Punishment

In six pages this paper argues that the high probability of error is sufficient to abolish capital punishment in the United States...

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...

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...

Real World Application of Inferential Tests

seventy-nine percent for those who did not work out. This would reduce the inferences to only two possible choices: Exercising in ...

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 ...