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What is the Uses of probability?
The uses of probability could be for the lottery, black jack or, your math homework. Actuaries use probability factors to determine costs and risks. It is an entire science of its own and has a certification process. Insurance companies hire many actuaries to do probability calculations and create mortality tables.
What is the probability of winning two games with the same probability of 0.8?
The probability of winning two games with the same probability of 0.8 can be calculated by multiplying the probability of winning the first game (0.8) by the probability of winning the second game (0.8). Therefore, the probability is 0.8 * 0.8 = 0.64, or 64%.
Who uses probability?
No one! It's pointless in life and will get you nowhere.
What is the probability that they you will get two heads when you toss two coins?
If you toss them enough times, the probability is 1. For just one toss the probability is 1/4.
What are the two types of probability?
Probability is generally split into theoretical and experimental.
Who uses empirical probability?
Help! I have no clue what profession uses empirical probability. Linda in Nevada
Uses of probability?
ratio and gambling
What type of probability uses a knowledge of sample spaces as opposed to experiments to determine the numerical probability that an event will occur?
Theoretical probability.
Name two areas where probability is used?
name two area where probability is used
What type of probability is when it uses sample spaces to determine the numerical probalitiy that an event will happen?
Classical Probability!
What is the Uses of probability?
The uses of probability could be for the lottery, black jack or, your math homework. Actuaries use probability factors to determine costs and risks. It is an entire science of its own and has a certification process. Insurance companies hire many actuaries to do probability calculations and create mortality tables.
What jobs use probability and how do they use it?
every sector that wants to exploit the ignorant mass, (ab-)uses probability
What is the probability of winning two games with the same probability of 0.8?
The probability of winning two games with the same probability of 0.8 can be calculated by multiplying the probability of winning the first game (0.8) by the probability of winning the second game (0.8). Therefore, the probability is 0.8 * 0.8 = 0.64, or 64%.
What are the uses of probability in business decision making?
# Probability is used in business to evaluate financialand decision making risk. # Probability is used to improve business performance.
Are there any good uses for probability?
One Word----VEGAS!
Who uses probability?
No one! It's pointless in life and will get you nowhere.
What is the probability that the a dice 2 is drawn if the two dice total is 5?
The probability, when the 2-dice total is 5, that one of the two dice shows a two is 1/2. The probability that that die is selected is 1/4.The probability, when the 2-dice total is 5, that one of the two dice shows a two is 1/2. The probability that that die is selected is 1/4.The probability, when the 2-dice total is 5, that one of the two dice shows a two is 1/2. The probability that that die is selected is 1/4.The probability, when the 2-dice total is 5, that one of the two dice shows a two is 1/2. The probability that that die is selected is 1/4.
