Paper 4: Fundamentals of Business Mathematics & Statistic

8.12 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Time Series Analysis (ii) For 2012 X = 7, so Y 2012 = 112 + 12 (7) Y ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 8.13 Example10 : Fit a straight line trend by the method of least squares ...

8.14 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Time Series Analysis For 2012, X = 4 Yc = 31.2 + 5.6 X 4 = 31.2 + 22. ...

Study Note - 9 PROBABILITY This Study Note includes 9.1 General Concept 9.2 Some Useful Terms 9. 9.3 Measurement of Probability ...

9.2 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Probability 9.2.3. Sample space The set or aggregate of all possible o ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 9.3 9.2.11. Favourable Cases The number of outcomes which result in the ha ...

9.4 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Probability Example 1: What is the chance of getting a king in a draw ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 9.5 (b) The number of ways of drawing a king and a queen = 4× 4 The requir ...

9.6 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Probability repeated a large number of times under essentially identic ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 9.7 Therefore, the probability (one red and one white) =^2455 Example 7 : ...

9.8 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Probability 9.4 THEOREMS OF PROBABILITY We have studied what probabili ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 9.9 Alternatively: The probability that X will solve it and Y fail to solv ...

9.10 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Probability When events are dependent : If the events are dependent, ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 9.11 Solution: P No.offavourablecases =TotalNo.ofequallylikelycases (i) Pr ...

9.12 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Probability This is known as Bayes’ Theorem. The following example il ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 9.13 24 100 24 6 0.857 24 4 28 7 100 100 = = = = + Example 17 : A company ...

9.14 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Probability Example 18 : Box I contains three defective and seven non ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 9.15 Event Prior Probability Conditional Probability Joint Probability Pos ...

9.16 I FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS Probability Solution : (a) Let A indicate the event of drawing 2 aces ...

FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS I 9.17 The chance that both the events happen 2 6 12 =7 11 77× = The chance ...