Cumulative probability distributions
In some situations we desire information in a form which is a modification of the
probability distributions already discussed. Let us look again at the distribution of
daily sales for the car dealer, reproduced below:
Populations and samples
A population is a complete set or collection of objects of interest. It is the aggregate
or totality of items under consideration in connection with a specific problem, and is
called the population under study. If we wanted to stud
Read text pages 45-47, then the following illustration of probability
calculations from tabulated data.
Refer to the following table (Table 1.1) relating to the employees of an organisation,
ABC Company Ltd:
Table 1.1: ABC employe
Fundamental concepts of probability
The idea of risk and probability is part of our everyday lives:
There is a 30% change of rain in Sydney today.
Australia are favoured 2 to 1 over England in the next cricket test.
There is a 50/50 chance that there will