Probability

Has it ever been wondered how probability and statistics take place in an article? Well its used many times throughout many different types of articles. When looking through one I found that more statistics or facts are present than probability. Some of these facts that were found in the article ¨Immigration and the Great Recession¨ were Demographic change, dynamics, and data. Demographic change is a fact shown through how the United States has changed in the past decades. It shows the growth…

Business Research Method Assignment 1 Fathimath Shaaira, Cyryx Collage SECTION A Question 1: Case Study A1. i. Research is one more, afresh. Research is finding information about particular thing that you have to do and process of asking question and answering by a survey or experiment in an organized way. For example, you have to do a project on international company for that project you are finding all kind of information about the particular company and sometime we have to go to the company…

project. The Role of risk management starts at the beginning of the project till the project ends and even after that. Risk management contains the management systems and methods used to decrease the probability of recognizing unfavorable and unsafe occasions and outcomes to build the probability to acknowledge arranged results. It is the set of techniques used to decrease the damage, bringing into congruity decreasing the chance of damage with the expenses this lessening requires…

missing data can lead to error in measurement and weighing (West and Little, 2013). The ESS attempts to correct and minimise the effect that non responsive bias may have on reliability; this is achieved via adjusting for non response by using probability of response. This is acted on by analysing demographic information on non responders and those responded (European Social Survey, 2016). Although, response rates do not ensure quality and validity, it persists as a crucial component in cross…

It was decided to use a non-probability sampling method. Even though this method is less valid, due to not having access to a sampling frame the probability sampling method could not be done and therefore, the only option was a non-probability sampling method. The non-probability method used was quota sampling; this is where the population is divided into subgroups by their characteristics, traits or a…

An individual has a higher chance of getting hit by an asteroid (1 in 700,000) in their lifetime, than they have winning the Powerball (1 in 185,000,000). However, it is still very unlikely, that such an event will happen during our time on Earth. After all, there are between 1.1 and 1.9 million asteroids in the Asteroid Belt, between Mars and Jupiter (“Asteroids: In Depth” 2). Who is to say one of those massive asteroids will not go on a collision course with Earth, and cause another…

another Heisenberg's Uncertainty Principle- the product of x and mv must be greater than or equal to a finite number (h/4) Deterministic- the present determines the future Indeterminacy- behavior that can only be described statistically Orbital- a probability distribution map showing where an electron is likely to be found Wave Function- a mathematical function that describes the wavelike nature of an electron Quantum Number- each orbital is specified by three interrelated quantum numbers…

Introduction Daniel I Bernoulli stated that “there is no philosophy which is not found upon knowledge of the phenomena, but to get any profit from this knowledge it is absolutely necessary to be a mathematician”(BrainyQuote). Daniel, a second generation mathematician, learned this valuable lesson, as his father and uncle had before him; mathematics is vital when interpreting the world. While Daniel was succeeded by a laundry list of mathematicians and physics, it is he and the men which preceded…

construct the forward moving structure of asset returns. At the end of the tree, values of the basket option can be evaluated with the asset pair at each node. Then, we work backwards by discounting four nodes into one node in each move, using the same probability of 1/4 for each nodes. For example, consider an American put option on a two-asset basket, the payoff function at expiration is max(0, K - (n1S1 + n2S2)). For a two moves bivariate binomial tree, where m = 2, values of the option at…

DNA paternity testing works by drawing a comparison between a child's DNA profile and the equivalent profile of a presumed father. As any child's DNA will be made up of half from each biological parent, by comparing the two sets of DNA, scientists are then able to see what similarities may have been inherited. Whenever a parent and child are proven biologically related, then their DNA profiles will show perceptible patterns that mark them out as part of the same family. Depending upon…