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What is a major drawback of probability sampling?
There is always an element of random error and so an exact answer is not possible.
The difference between the theoretical and empirical probability?
The term empirical means "based on observation or experiment." An empirical probability is generally, but not always, given with a number indicating the possible percent error (e.g. 80+/-3%). A theoretical probability, however, is one that is calculatedbased on theory, i.e., without running any experiments.Since there is no theory that will calculate the probability that an area will experience an earthquake within a given time frame, the 90% figure is an empirical probability, presumably based on data of major earthquakes in the San Francisco area over past years.
When did they discover probability?
A gambler's dispute in 1654 led to the creation of a mathematical theory of probability by two famous French mathematicians, Blaise Pascal and Pierre de Fermat. Antoine Gombaud, Chevalier de Méré, a French nobleman with an interest in gaming and gambling questions, called Pascal's attention to an apparent contradiction concerning a popular dice game. The game consisted in throwing a pair of dice 24 times; the problem was to decide whether or not to bet even money on the occurrence of at least one "double six" during the 24 throws. A seemingly well-established gambling rule led de Méré to believe that betting on a double six in 24 throws would be profitable, but his own calculations indicated just the opposite. This problem and others posed by de Méré led to an exchange of letters between Pascal and Fermat in which the fundamental principles of probability theory were formulated for the first time. Although a few special problems on games of chance had been solved by some Italian mathematicians in the 15th and 16th centuries, no general theory was developed before this famous correspondence. The Dutch scientist Christian Huygens, a teacher of Leibniz, learned of this correspondence and shortly thereafter (in 1657) published the first book on probability; entitled De Ratiociniis in Ludo Aleae, it was a treatise on problems associated with gambling. Because of the inherent appeal of games of chance, probability theory soon became popular, and the subject developed rapidly during the 18th century. The major contributors during this period were Jakob Bernoulli (1654-1705) and Abraham de Moivre (1667-1754). In 1812 Pierre de Laplace (1749-1827) introduced a host of new ideas and mathematical techniques in his book, Théorie Analytique des Probabilités. Before Laplace, probability theory was solely concerned with developing a mathematical analysis of games of chance. Laplace applied probabilistic ideas to many scientific and practical problems. The theory of errors, actuarial mathematics, and statistical mechanics are examples of some of the important applications of probability theory developed in the l9th century. Like so many other branches of mathematics, the development of probability theory has been stimulated by the variety of its applications. Conversely, each advance in the theory has enlarged the scope of its influence. Mathematical statistics is one important branch of applied probability; other applications occur in such widely different fields as genetics, psychology, economics, and engineering. Many workers have contributed to the theory since Laplace's time; among the most important are Chebyshev, Markov, von Mises, and Kolmogorov. that is the history!!!!!!
Which california state universities have an actuary major?
CSU Long Beach is the only CSU with an actuarial major but other CSU's like SJSU and SFSU has applied mathematics as a major concentrating in actuarial science and economics.
Which major crime has the highest clearance rate?
murder
What is the major difference between finance and accounting?
The major difference between finance and accounting is that, accounting is general, deals with all economic facts that occur throughout the financial year, financial is specific deals only with finances
How finance is related with accounting?
In most colleges both subjects are interchangeable. However, accounting plays a major role in finance because when it comes down to crunching numbers, that is accounting. I terms of corporate finance, that is basically accounting. When you watch CNBC, Bloomberg, FOX Business channel, etc. and analyst or executives talk about the "fundamentals." They are referring to their balance sheet or income sheet. Those two forms, are accounting forms done by their accountants and their CFO (head accountant/financial analyst). In short, accounting has everything to do with finance and, vice versa. Just like calculus has everything to do with economics.
Who serves as the liaison between base level major player and defense finance and accounting service?
financial analysis office (fma)
What type of education would I need for a career in finance?
Finance requires using a lot of numbers and math. You could take an accounting or economics class if you want to seek a career in finance. Sometimes schools will list the class requirements you need to take under "Finance major" in order to obtain a Finance degree.
What majors are best for you if you are good at math but terrible at accounting finance and programming?
Mostly any engineering major(except any computer related engineering disciplines), as well as a math major.
Does George Mason University offer a minor in finance?
No, George Mason University does not offer a minor in finance, but it offers a minor in business (MSOM)! Students that major in Accounting, Finance, Information Systems and Operations Management, Management, or Marketing; are not allowed to minor in business.
What are the major categories of accounting?
Following are major categories of accounting: 1 - Cost accounting 2- Financial accounting 3 - management accounting
How to Get Jobs in Accounting & Finance?
For someone who is skilled in mathematics and has an interested in working in a professional setting in the business world, pursuing a career in either accounting or finance could be a great option. Accounting and finance individuals perform a wide variety of jobs including working as an auditor, investment analysts, financial planner, or investment banker. Those who work in the accounting and finance industries are often able to find good jobs with very competitive salaries and benefit packages. While accounting and finance jobs could be a great option, there are a variety of steps which need to be followed in order to qualify for most finance and accounting jobs. The first step that needs to be followed to establish a career in either accounting or finance is to get the proper education. Almost all people working in accounting and finance jobs at least have a bachelor�s degree in one of the two fields. The vast majority of the country�s major universities and colleges have a separate business school which can provide both a finance or an accounting degree. In most situations those looking at finance jobs can qualify with a four year degree, but those looking for accounting jobs after school may need to complete a five year program. While in school getting a part time or summer job in either accounting or finance could end up being a great way to gain experience and learn more about the field. After graduating from school, those with accounting or finance jobs will have a wide selection of jobs to look into. Many accountants are able to take jobs and entry level auditors and examiners working for public accounting firms, while others are able to take internal accounting jobs working directly for a company. Many finance graduates are able to find jobs working as financial analysts or investment analysts working for commercial and investment banks and other large companies. As you further in your career, continuing your education would be a good idea. Most accounting professionals benefit incredibly by studying for and passing the CPA exam. Most finance professionals would benefit by heading back to school and getting their MBA or studying for and passing the CFA exam.
What classes do u have to take in college to become an accountant Nd wat major would it be?
You have to take Business studies and courses that are related to accounting, finance and economics to be an accountant.
When was Wharton founded?
In 1881, however, the Wharton School of Finance and Economy was founded, and two years later the school added accounting to its curriculum. As other major universities created schools of commerce, accounting secured a significant place in the curriculum.
What major do you take to get a 4 year degree in accounting?
Your major would be accounting.
What university in Australia offers the best accounting and finance degree?
university of melbourne, under their bachelor of commerce(major in accounting and finance) When the question is phrased in such an open and non specific way, it does not evoke an objective answer. Best in what terms ? Perhaps one should include " best for me " "given my needs" That said perhaps ask google the phrase: Best University in Australia for Accounting NSW , after all it makes sense to specify a state.
