Probability

1. Financing risk – Probability that the taxpayers’ investment in the network (e.g. CRTC deferral account) will not provide the benefits expected. Analysis: In my view, the likelihood of this risk to occur was medium to high given that one of the Nortel’s top executive had failed ten years earlier implementing a similar initiative. In addition, risk # 5 increases the probability of this scenario to occur. Likewise, the impact on the authority agency (CRTC) and the project itself would be high,…

and n⩾1. The next step of a Markov chain is independent of the past and only depends upon the most recent state. Transition probabilities: Pij are the Markov chains…

P(B) = 3/15 = 0.2 or 20% Probability of a damaged piece of equipment coming off the production line P(A) and P(B) P(A) * P(B) = 0.2 * 0.15 = 0.03 or 3% 7. (5 points) A system was set up in parallel with two components, A and B. The probability of failure for A is .20 and for B is .10. In order for the system to fail, both must fail. What is the probability of a system failure? = 0.20*0.10 = 0.02 or 2% 8. (5 points) A system was set up in…

resulting chart. Variables in this case include; existing production, limited production, cost of goods sold for full production, unit sales for new/old cleats, sales price, discount rate, probability of failure and success. A seventy-five percent probability of success is what the base case assumes; therefore probability of failure is twenty five percent. Fifteen percent is the discount rate. Since this is the base case, there’s not an increase in unit sales or sales price. Also, cost of goods…

God’s ongoing action, and interaction within and throughout human history, as well as God’s actions in the personal lives of individual believers, salvific, or otherwise), as well as insights into divine inspiration, revelation, transcendence and immanence, and even Tripartitism. This same dualism also resolves a host of hitherto insurmountable theological and scientific conundrums that have long plagued Judeo-Christianity. Such an unusually high degree of interdisciplinary explanatory power…

for the PM and project team to put identified risks in orders. This step gives risks the priority for further analysis by combining and calculating the probability and impact of identified risks (PMI, 2013, p. 328). From the research material, qualitative analysis is described as “…typically involve identifying the risks, assessing their probabilities and impacts, ranking them and screening out minor risks (Emblemsva˚g and Kjølstad, 2002, as cited in Emblemsva˚g & Kjølstad, 2005).” Based on the…

subscription service with contracts that ran either month to month or fixed periods of 6 months or 12 months. Moreover, QBE collects various pieces of information focus to further understand its customers, nature of this study which seeks to predict the probability for a customer to cancel their service. I will attempt to recognize the patterns and behaviors that expose the factors needed to be improved in order to increase QBE’s customer retention levels. The available information to prepare…

votes represented by the equation Sn = ∑ni=1 xi is positive or negative. The theorem then states, “If the individual votes (xi, i=1,...,n) are independent of one another, and each voter makes the correct decision with probability p > ½, then as n [approaches infinity], the probability of the group coming to a correct decision by majority vote tends to 1” [7, p. 1]. This suggests that with a greater population voting, there is a higher likelihood of the correct choice being made in an…

selected randomly. What is the probability that they are selected from the ladder company? The answer should be (13/39) + (12/38) + (11/37). Since this is without replacement, we will keep on subtracting 1 from the denominator. • 2 firefighters are selected randomly. What is the probability that one is from the…

the project) and related information. A risk register usually contains: Category – The category under which the risk falls. For example: defective server may fall under hardware technology. Probability, Impact, Risk Factor – determined in Qualitative Risk Analysis. There might be high, medium and low probability and impact. The risk of a server being defective is low. But once found defective, the impact can be high. Potential Responses – determined in Plan Risk Reponses. It states for example a…