Learning The Fundamentals Of Probability Theory Learning The Fundamentals Of Probability Theory March 31
Hroniss Grasu Bears Jersey , 2014 | Author: Jaclyn Hurley | Posted in Education
When it comes to random happenings in life, there are actually a lot of outcomes that may take place. Because of the many possible outcomes that may happen, it is actually hard for a person to predict the result of a particular event. Now if one would want to predict outcomes using math, then he should go no further than the fundamentals of probability theory.
Now the probability theory is the branch of statistics that deal with the analysis of these random happenings. Basically, the concepts dealt here would be tackling how to solve the chances of a certain event happening or not happening using some math formulas and computations. It is actually possible to calculate these chances.
Now for those who do not know, this principle was first created by mathematician Blaise Pascal who used basic statistical techniques to form it. Now what people would do before in order to predict a certain outcome would be to use their experiences and knowledge as a basis to make assumptions. Of course Pascal was able to come up with a way to solve this issue mathematically and therefore getting more accurate results.
Now the most fundamental idea which is the foundation of this whole theory is the idea that every outcome has an equal chance of happening. Now if one would take a die and throw it in the air, then he would expect that all numbers would have an equal chance of popping out. Of course one does not include outside factors that cannot be controlled.
This is known as objective probability as it takes into account only of objective equations that would predict the outcome of an event. As stated above, this does not take into consideration the past experience of one who is trying to figure out the outcome of an event. This means that the prediction is purely mathematical with no consideration for opinions.
Of course if there is the objective theory, then there is also the subjective one which is the complete opposite of the objective one. Basically, the main gist of this principle is that the mathematical formulas are not always accurate. So in other words, the predictor will be including all of his past experiences, previous knowledge, and other opinions while making some minor computations.
The last of the principles would be the principle of relative frequency which heavily depends on ratios in order to predict the outcome of an event. Basically, one would be comparing the chance of an event happening to the times that the event could have happened in the form of a ratio. In a nutshell
Eddie Goldman Bears Jersey , one would believe that before a certain outcome will happen, the event has to take place a few times first.
So as one can see, there are a lot of ways one can approach the art of probability so that he may predict a certain outcome of a situation. Now these concepts will not exactly show a person what outcome will happen but it will narrow down the possible outcomes to just a few possibilities. This way, one will be able to know what the best outcome to choose would be.
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Submitted 2014-02-13 16:50:12 As his Hialeah sugar company burned through cash and failed to pay employees, vendors, and landlords, Alexander I. Perez gave plum jobs to former drug-trafficker buddies and raised bundles of cash for Danilo Medina, president of the Dominican Republic.
Two weeks ago, Perez's Banah Sugar filed for Chapter 11 bankruptcy, reporting it owed between $1 million and $10 million to a list of 232 people and companies in its February 21 filing. It was a sour turn for a company that received special favors from local politicians. Last year, they renamed a portion of SE Tenth Avenue in Hialeah "Banah Sweet Way" and approved $400,000 in tax breaks if Banah created 300 jobs by 2014. Leaders including Miami-Dade Mayor Carlos Gimenez gave Perez the royal treatment despite his criminal past and a long trail of litigation against him, including a recent four-year prison stint for cocaine trafficking.
Now, Riptide has learned that Perez gave lucrative six-figure salaries to other convicted felons who served time for coke dealing. Banah operations manager Manuel Arisso
Kevin White Bears Jersey , logistics director Jorge Fernandez, and executive vice president Orlando Lorenzo are three of the ex-traffickers Perez brought on board, according to company emails and interviews with a half-dozen former employees.
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Arisso, Fernandez, and Lorenzo were convicted in the late '90s for their roles in the cocaine ring run by Sal Magluta and Willy Falcon, two infamous Cuban-American dopers currently serving a life term and a 20-year sentence, respectively. In September, when Banah CEO Diego Leiva quit, Perez gave the job to Yurek Vazquez, who has a 2000 felony conviction for intent to distribute more than five kilos of yeyo.
What's more, ex-employees who asked for anonymity over fear of reprisal from Perez provided Riptide with photographs and emails confirming Perez hosted a fundraiser for President Medina at the swanky Ritz-Carlton Key Biscayne in August that raised thousands of dollars. "Yet some of my colleagues ended up in the street because he wouldn't pay us," says a former Perez bodyguard who claims he is owed $70,000 in unpaid wages.
Perez says he hired the ex-cons because he wanted to give them a chance to have legitimate jobs and because he can rely on them. "These are .
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