Mathematical Formulation
The data given in the problem can be represented in a table as follows. Let x = number of toys of type-I to be produced y = number of toys of the type - II to be produced \ Total profit = 5x + 3y The LPP formulated for the given problem is: Maximise Z = 5x + 3y subject to the constraints ..
The data given in the problem can be represented in a table as follows. Let x = number of toys of type-I to be produced y = number of toys of the type - II to be produced \ Total profit = 5x + 3y The LPP formulated for the given problem is: Maximise Z = 5x + 3y subject to the constraints ..Probability - I
An experiment repeated under essentially homogeneous and similar conditions results in an outcome, which is unique or not unique but may be one of the several possible outcomes. When the result is unique then the experiment is called a deterministic experiment . Any experiment whose ..
Mathematical Formulation of Linear Programming Problems
There are mainly four steps in the mathematical formulation of linear programming problem as a mathematical model. We will discuss formulation of those problems which involve only two variables. 1. Identify the decision variables and assign symbols x and y to them. T..
Probability concepts and probability theorems
Introduction - In our day to day life, we come across many uncertainty of events. We wake up in the morning and check the weather report. The statement could be 'there is 60% chance of rain today'. This statement infers that the chance of rain is more than that having a dry weather. We decide upon ..
Probability - I Introduction
Introduction - In our day to day life, we come across many uncertainty of events. We wake up in the morning and check the weather report. The statement could be 'there is 60% chance of rain today'. This statement infers that the chance of rain is more than that having a dry weather. We decide upon ..
Probability (continued)
Let A and B be any two events associated with a random experiment. The probability of occurrence of event A when the event B has already occurred is called the conditional probability of A when B is given and is denoted as P(A/B..
Probability of an Event
If a trial results in n-exhaustive, mutually exclusive and equally likely cases and m of them are favourable to the occurrence of an event A, then the probability of the happening of A, denoted by P(A), is given by: P(A) = m/n. Important terms are 1. Statistical or Empirical P..
Conditional Probability
Conditional Probability - Let us consider the random experiment of throwing a die. Let A be the event of getting an odd number on the die. \ S = {1, 2, 3, 4, 5, 6} and A = {1, 3, 5} Let B = {2, 3, 4, 5, 6}. If, after the die is thrown, we are given the information, that the event B has oc..
Conditional Probability - Let us consider the random experiment of throwing a die. Let A be the event of getting an odd number on the die. \ S = {1, 2, 3, 4, 5, 6} and A = {1, 3, 5} Let B = {2, 3, 4, 5, 6}. If, after the die is thrown, we are given the information, that the event B has oc..Theorems of Probability
Theorem 1:(Addition Rule of Probability) - If A and B are any two events, th..
Theorem 1:(Addition Rule of Probability) - If A and B are any two events, th..Probability (continued)
Probability (continued)..
Probability (continued).. Result
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