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Basic Business Statistics, 8th edition
Basic Business Statistics, 8th edition

.pdf
.pdf

... This is actually finite and so state 0 is in fact positive recurrent. The exam asked you show something that wasn’t true. Therefore, everyone gets a free 5 marks for this part (unless you are in 455 and your total based on problems 1 and 3 is still better than any other combination). Exercise: Show ...
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... numbers between 0 and 1 and sum to 1 – the probability of any event is the sum of the probabilities of the outcomes making up the event – see previous slide for an example ...
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... An event is an outcome from an experiment. An experiment is any process that can be repeated in which the results are uncertain. The probability of an event is a measure of the likelihood of its occurrence. The long-term proportion with which a certain outcome is observed is the probability of that ...
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The probability distribution for a biased spinner
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... Spinners (figure 1) are ubiquitous in probability teaching. Unbiased spinners consisting of regular n-sided polygons with a spike through the centre of mass are frequently used in children’s games to give n equally likely outcomes, and so tend to be familiar objects. Of course, in practice, no spinne ...
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... We may say “there is a 40% chance of life on Mars.” In fact, either there is or there isn’t life on Mars. The 40% probability is our degree of belief, how confident we are about the presence of life on Mars based on what we know about life requirements, pictures of Mars, and probes we sent. Our brai ...
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Ars Conjectandi



Ars Conjectandi (Latin for The Art of Conjecturing) is a book on combinatorics and mathematical probability written by Jakob Bernoulli and published in 1713, eight years after his death, by his nephew, Niklaus Bernoulli. The seminal work consolidated, apart from many combinatorial topics, many central ideas in probability theory, such as the very first version of the law of large numbers: indeed, it is widely regarded as the founding work of that subject. It also addressed problems that today are classified in the twelvefold way, and added to the subjects; consequently, it has been dubbed an important historical landmark in not only probability but all combinatorics by a plethora of mathematical historians. The importance of this early work had a large impact on both contemporary and later mathematicians; for example, Abraham de Moivre.Bernoulli wrote the text between 1684 and 1689, including the work of mathematicians such as Christiaan Huygens, Gerolamo Cardano, Pierre de Fermat, and Blaise Pascal. He incorporated fundamental combinatorial topics such as his theory of permutations and combinations—the aforementioned problems from the twelvefold way—as well as those more distantly connected to the burgeoning subject: the derivation and properties of the eponymous Bernoulli numbers, for instance. Core topics from probability, such as expected value, were also a significant portion of this important work.
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