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What is Probability

What is Probability? —   Probability is the measure of how likely an event is.    “ the ratio of the number of favourable cases to the number of all the cases “ or          P(E) = Number of   outcomes favourable to E                       Number of all possible outcomes of the experiment —   PROBABILITY is a measure of the degree to which an occurrence is certain [or uncertain]. Concept of Probability         v   The concept of Probability originated in the 16 th century when an Italian physician and mathematician J.Cardan wrote the first book on the subject , The Book on Games of Chance. Since its inception, the study of probability has attracted the attention of great mathematicians such as James Bernoulli (1654-1705) , v Probability theory is a very fasci...

Define ethics

In the simplest sense, ethics is a system of moral principles. They influenced how to make decisions and lead their lives. Ethics is concerned with what is good for individuals and societies and is also described as moral philosophy. This term comes from the Greek word, which may indicate behavior, character, character or disposition. Ethics includes the following dilemmas: ·         How to live a good life? ·         Our rights and responsibilities ·         The language of good and evil ·         Moral decision - what is good and bad? Our ethical concepts come from religions, philosophy and culture. These include discussions on topics such as abortion, human rights and professional behavior. Ethics is the process of inquiry, discovery and defense of our values, principles and objectives. It's about knowing who we are and stay...

Mission Statement

Mission - the most important goals of the organization. It defines the customer and his critical processes. You report the desired performance level. A written statement of the main purpose and focus of an organization that usually remains unchanged. Expressed great missions. (1) Serve as filters to separate what is important and what does not, (2) Clearly indicate which markets to deliver and how, and (3) Speak in a sense of direct direction throughout the organization. The mission is different from a vision that the former is the cause and the last effect; A mission is something that must be achieved while a vision is something that must be done for that success. Also referred to as a company mission, company mission or company goal. Mission Statement (What You Do): A statement a sentence that describes the cause of an organization or program that exists and is used to help guide decisions about priorities, actions, and responsibilities. Many non-profit missions are...