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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...

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...

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...

Identity Testing and DNA

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

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...

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...

Survey Methodological Issues

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

Gambling and its Ramifications

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

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...

Investment Risk

the potential of the company. In addition to the financial performance measured by ratios such as profit margins, the investors wi...

Operations Management Calculations

too long to make an analysis of it viable when undertaking all the other tasks of everyday life and setting up a business. When ...

Probability Interpretations

In eight pages the probability interpretations of propensity, subjective, and logical are evaluated with the inclusion of philosop...

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...

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 ...

Probability of UFOs

for shortly thereafter she was transferred overseas, where rumor has it that she became a casualty of an airplane crash (Willwerth...

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 ...

An Example of How a Decision under Uncertainty May Be Assessed in the Business Environment

has been built, and more potential customers are travelling away from the store (Kotler and Keller, 2008). One of the first appro...

Probability in Decision Making

To assess this will assume that there are the following probabilities given are 1/4 that there is a member of the population who i...

The Use of Statistical Analysis to Cut Costs

these past sales statistics to give an indication on the potential for a sale to be lost because the delivery cannot take place on...

Forecasting Stock Needs using Statistics

the same general trend will be seen, this is usually performed using the ordinary least squares (OLS) method (McCullagh and Nelder...

Using Probability to Help with Decisions under Uncertainty

to evaluate collective costs. The calculation will need input that is representative of the physical results of the current action...

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...

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...