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What are advantages and disadvantages of mathematical models?
Mathematical modelling can give realistic representations of a real world phenomenon using statistics and probable outcomes. One flaw is that there are many possible outcomes and the correct one is not always identifiable.
What are the Advantages and Disadvantages of Mathematical Modelling?
Mathematical modelling can give realistic representations of a real world phenomenon using statistics and probable outcomes. One flaw is that there are many possible outcomes and the correct one is not always identifiable.
Social loafing is less likely to occur when?
people know that their individual contributions will be recognized.
What percent of the possible outcomes of two attempted passes results in Drew Brees Throwing at least one complete pass?
In a scenario where Drew Brees attempts two passes, we can analyze the outcomes based on the probability of completing each pass. Assuming each pass has a certain probability of being completed (let's denote this probability as ( p )), the possible outcomes are: two complete passes, one complete pass and one incomplete pass (which can occur in two ways), or two incomplete passes. The only outcome where he does not complete at least one pass is if both passes are incomplete. Therefore, the percentage of outcomes resulting in at least one complete pass can be calculated as ( 1 - (1 - p)^2 ), which varies based on the value of ( p ). If, for example, ( p = 0.5 ), then there is a 75% chance of completing at least one pass.
How will managers use financial information to predict outcomes in business?
Managers rely on financial information to determine the number of employees needed to complete specific duties and the cost of products and materials in order to complete tasks.
What is development outcomes?
development outcomes
Outcomes that are shared by the general public are called what?
Outcomes that are shared by the general public are called common outcomes or public outcomes.
What are equally likely outcomes?
They are two or more outcomes whose probabilities are the same.
In probability outcomes are referred to as?
They are referred to as outcomes!
How do you find probability from a probability generating function?
you ether use a graph tree diagram or web diagram to answer the possible outcomes of the question possible outcomes meaning the number of outcomes the person will have in the probability or divide the number of favourable outcomes by the number of possible outcomes favorible outcomes meaning the number of outcomes all together
A set of outcomes are called what?
A set of outcomes are called results. All possible outcomes are referred to as the sample space.
How many possible outcomes are there when flipping a coin 5 times?
There are 25 = 32 possible outcomes.
