Probability Warning, quit reading now if you don’t want to learn about how important probability and different parts of it are. Still reading? By the end of this paper you will be able to identify what probability is and what the different parts are, how they can be applied in the real world, and why it is important in a career. Independent Events what are they? When two events are independent of each other hints the name, this means is that one event has no effect on the other event. An example of two independent events is; if place numbers 1-5 in a hat then pulled numbers from that hat then put numbers 6-10 in another hat and pulled numbers. The outcome of one event has no effect on the other. Or say you 're a high school math teacher, you not teaching a lesson on Sum of kth powers has no effect on the outcome of students tests’ scores over addition. Say your company hires a new janitor new this has no effect to you doing your job. Dependent Events what are they? When two events are dependent of each other. In other words they depend on each other. One event affects the outcome of the other event. For example you take numbers 1-5 and put them in a hat. You pull one out then don’t put it back in and pull another number. This just affected the other event of pulling the second number from the hat. You now have a greater chance of pulling 1, 2, 3, or 4 from the hat. Or say you’re a high school math teacher, you not teaching a lesson on synthetic division or factoring will…
Triangle, time ranging from 2nd century BC to 18th century AD. Among all the academic works by ancient mathematicians, I’m going to focus on Jiu Zhang Suan Shu [Nine Chapters on the Mathematical Art] composed by Chinese scholars around 2nd century BC-10th century AD. I will use the binomial expansions derived from Pascal’s triangle as an example and then illustrate the coefficients expansion in general. After that, I will introduce Jade Mirror of the Four Unknowns written by Zhu Shijie around…
HD is the exact number of “S” in a sample. Calculations were the earliest use; and I use the same example as above. According to scientists, “the representation H (x; n, M, N) is the proper way to show this distribution. In contrast, NBD is the amount of failures per each random trial, with successes being fixed. Today, measurement, counting, and data are some of the ways they are used. The number of students that a tutor helped to receive either a pass or fail is my example. Nb (x; r, p)…
Boldly stated within a viral video titled "Wealth Inequality in America" is that "[most people] certainly don 't have to go as far as Socialism to find something that is fair for hardworking Americans," a statement that colorfully highlights one of the largest issues in America today: the wealth gap. Using statistics, the creator of the video proves that the saying “While the rich get richer, the poor get poorer” is true; as the rich are given an excess of opportunities to gain more money, the…
Question 1 The globalisation process has had significant impact on the overall economic performance of the nation. This is when South Africa re-joined the scene of international economies in the 1990’s during which time globalisation had begun to gain prominence. Its move from a socialist socialist movement to a democratic system in 1994 has been a major key towards its gain in economic performance during the globalisation period. This is as the first democratically elected president, Nelson…
America prides itself on being a democratic government and a land of equal opportunity, but does it live up to those standards? Incoming inequality is growing in American society, and the effectiveness of democracy is being threatened by this increasing inequality. While America has claimed to make strides toward racial and gender inequality there is a growing gap between the haves and have nots. This income gap is increasing rapidly between the rich and the middle class and the middle class is…
Inequality will be produced between states, but also within states among different classes. First, this paper will examine inequality within state borders. The Gini coefficient is a tool used to measure the income distribution within the country. A Gini coefficient of 0 means equal distribution of income, while a Gini coefficient of 1 is the most unequal distribution. When the income data is examined in quintiles, one will see inequality rising. The interesting factor being income inequality…
I shall compare the different national economies using the criteria of economic inequality. Next, I will attempt to establish the correlation between inequality and the role of the government through redistributive fiscal policies. These statistical findings will eventually be tied to some of the key concepts from the class readings, particularly on the comparison of national systems of political economy. Methodology For data sampling, I have selected four developed countries and two emerging…
policies set by Russia and China and patron-clientelism are no exception. Fiscal policies dictate how much the government spends and how much it taxes. A key difference between a capitalist state and a communist state is that a communist state holds more control over its economy through more government spending and taxation. China’s current economy relies on exports and construction, both areas that the government has great control over. Russia current economy relies on oil and mineral exports,…
out of poverty. But there are people still suffering from absolute poverty from long-term unemployed, low-income households, rural-urban migrant workers and farmers living in rural areas today. The incomes of the poor have been growing, yet it appears that the rich are also getting richer much faster. This is due to development policies that favor only in heavy industry, cities and special economic zones in coastal areas. As a result, urban residents earned approximately twice more than those…