Probability plays a crucial and important role in many things: industries, recreation, etc. Let's see how many we can think of. I know that we will all be amazed at how much our every day life is influenced by probability.

•
Identify at least one example of probability encountered in everyday life which has not previously been mentioned.

I am the “chef” in the house and work most of my hours in the afternoon. As I am the one who is the most creative in the kitchen and the evening hours at work prevents me form cooking dinner during a normal time, the probability of me cooking and having dinner prepared before noon, to be heated up later is very high. If my family is to eat a home cooked meal, I am the one to create it. The probability is between 95-97%. •

•
Explain how probability is used in that situation.

Probability is used in the above situation because nobody in my home can cook a homemade meal. They love to eat, but they are terrible in the kitchen. The only way that they will eat a home cooked meal in our home is if I cook it earlier in the day and they re-heat it at dinner time. If something had come up during the day, and I am unable to cook a meal, then the probability that anyone in the house would cook would be zero; because as I stated earlier I am the only cook in our home. •

•
Identify the type of probability your example best fits by explaining whether it is an independent event or dependent upon something else.

This situation described could be either a dependent or independent event. In the case of a dependent event, I would be available during the day, with all of the ingredients to prepare the meal and nothing comes up during the day that would preclude me from cooking the meal. In the event that something came up, this would become an independent event because then I would not be available to cook because I was not at the house able to cook. The greater probability of me being available early in the day is greater...

...PROBABILITY DISTRIBUTION
In the world of statistics, we are introduced to the concept of probability. On page 146 of our text, it defines probability as "a value between zero and one, inclusive, describing the relative possibility (chance or likelihood) an event will occur" (Lind, 2012). When we think about how much this concept pops up within our daily lives, we might be shocked to find the results. Oftentimes, we do not think in these terms, but...

...variable X is a weighted average of the possible values that the random variable can take. Unlike the sample mean of a group of observations, which gives each observation equal weight, the mean of a random variable weights each outcome xi according to its probability, pi. The mean also of a random variable provides the long-run average of the variable, or the expected average outcome over many observations.The common symbol for the mean (also known as the expected value of X)...

...QMT200
CHAPTER 3: PROBABILITY DISTRIBUTION
3.1
RANDOM VARIABLES AND PROBABILITY DISTRIBUTION
Random variables is a quantity resulting from an experiment that, by chance, can assume different values. Examples of random variables are the number of defective light bulbs produced during the week and the heights of the students is a class. Two types of random variables are discrete random variables and continuous random variable.
3.2
DISCRETE RANDOM...

...The Real Case of IT Makes Cents
Back Ground Company
99 Cents only Stores is America's oldest chain of one-price stores. The chain consists of 220 stores in California, Nevada, Arizona, and Texas. The business was started as single store in Los Angeles in 1984. David Gold stepped down as the company's CEO, remains active as the Chairman of the Board. And his two sons and son- in-law run the company. The Gold family owns about 35% of the company
Strategic
-...

...What makes a real woman?
Rachel Taylor
Iconic German designer, Karl Lagerfeld describes the fashion world as about “dreams and illusions” but does this world deem to be a nightmare for some over the magnificence its moguls describe?
For decades, the debate of whether the fashion industry promotes unhealthy body image has prevailed runway after runway.
Would using larger models decrease the prevalence of eating disorders? In the contrary, would this be...

...semester will start by September to mid-January plus Saturdays if needed to meet the 110 days required excluding official holidays. The second semester will start by mid-January to May plus Saturdays if needed to comply with the 110 days required and to make up for the days lost due to non-seasonal, climatic aberrations and the third semester will start from June to August covering the heaviest rainy months when the children and youth are safer at home. The proposed school...

...-
MMM240 - Organisational Behaviour
Critical Essay
Matthew Acciarito, Student I.D: 900181318
Anthony Camerlengo, Student I.D: 90218998
“Leaders make a real difference in an organisation’s performance”. Explain and critically evaluate this statement.
Leadership is defined as “a special case of interpersonal influence that gets an individual or group to do what the leader wants done” (Wood, J. et al, 2010) this is depicted across society ultimately...

...A
STUDY OF INDIAN FIRMS
1. INTRODUCTION
Dividend policy has been an issue of interest in financial literature since Joint Stock
Companies came into existence. Dividends are commonly defined as the distribution of
earnings (past or present) in real assets among the shareholders of the firm in proportion
to their ownership. [15] Dividend policy connotes to the payout policy, which managers
pursue in deciding the size and pattern of cash distribution to shareholders over...

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