(a) In reference to what you learnt in business mathematics and statistics, describe five kinds of theory of probability.(b) The table below indicates the cost of certain air tel kiosk
Z 0.15 0.20 0.25 0.75 0.80 0.85 1.85 1.90 1.95 2.00 2.05
Фz 0.0596 0.0793 0.0987 0.2734 0.2881 0.3023 0.4678 0.4713 0.4744 0.4772 0.4798
If it was stated that, the number of telephone calls received at a switchboard is approximately normal with a mean of 580 calls and a standard deviation of 10.
REQUIRED
Find the possibility that on a given day the number of calls received at the switchboard will be;
(a) Exactly 578
(b) Less than 57
(c) Between 561 and 600 inclusive
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Probability is the branch of mathematics concerning the occurrence of a random event, and four main types of probability exist: classical, empirical, subjective and axiomatic
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