Identify Customer Segments to Create Customer Offers for Each Segment - Appli...
5.8 case 5 probability
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Unit No.5.
PROBABILITY
Presented By:
Dr. V. M. Tidake
Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem)
Dean, EDP & Associate Professor MBA
1
Sanjivani College of Engineering, Kopargaon
Department of MBA
www.sanjivanimba.org.in
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302-DECISION SCIENCE
Unit No.5. Probability
5.8 Case 5: Probability
Presented By:
Dr. V. M. Tidake
Ph. D (Financial Management), MBA(FM), MBA(HRM) BE(Chem)
Dean EDP & Associate Professor MBA
2
Sanjivani College of Engineering, Kopargaon
Department of MBA
www.sanjivanimba.org.in
4. www.sanjivanimba.org.in
Probability
The daily production (in number of units) for a week
in a factory is 56, 59, 62, 57, 53, 60 & 66 units. If it is
checked at random on a day, What is the probability
that it will be less than the average.?
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Probability
Number of days considered = n = 7
Let X- Daily Production
Average Production =
𝟓𝟔+𝟓𝟗+𝟔𝟐+𝟓𝟕+𝟓𝟑+𝟔𝟎+𝟔𝟔
𝟕
= 59
Let, A Event that the production is less than the
average on a day i.e. {56,57,53} i.e. m = 3
Hence the required probability is-
𝑷 𝑨 = 𝒑 =
𝒎
𝒏
=
𝟑
𝟕