Answer:
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Explanation:
Answer: As the Oxford dictionary states it, Probability means ‘The extent to which something is probable; the likelihood of something happening or being the case’.
In mathematics too, probability indicates the same – the likelihood of the occurrence of an event.
Examples of events can be :
Tossing a coin with the head up
Drawing a red pen from a pack of different coloured pens
Drawing a card from a deck of 52 cards etc.
Either an event will occur for sure, or not occur at all. Or there are possibilities to different degrees the event may occur.
An event that occurs for sure is called a Certain event and its probability is 1.
An event that doesn’t occur at all is called an impossible event and its probability is 0.
This means that all other possibilities of an event occurrence lie between 0 and 1.
Explanation:
Answer and Explanation: From the following given case/scenario, we can state that , GoGo motors is trying to recombining and redeploying existing core competencies in order to compete with the other firms present in the industry in the upcoming future markets. Since, the company has already realized that there is a vast growing demand for green automobiles and thus it has created a new market opportunity.
Answer:
Confirmation bias
Explanation:
Confirmation bias occurs from the direct influence of desire on beliefs. When people would like a certain idea or concept to be true, they end up believing it to be true. They are motivated by wishful thinking. This error leads the individual to stop gathering information when the evidence gathered so far confirms the views or prejudices one would like to be true. Once we have formed a view, we embrace information that confirms that view while ignoring, or rejecting, information that casts doubt on it. Confirmation bias suggests that we don’t perceive circumstances objectively. A confirmation bias is a type of cognitive bias that involves favoring information that confirms your previously existing beliefs or biases.
For example, imagine that a person holds a belief that left-handed people are more creative than right-handed people. Whenever this person encounters a person that is both left-handed and creative, they place greater importance on this "evidence" that supports what they already believe. This individual might even seek "proof" that further backs up this belief while discounting examples that don't support the idea.
Answer:
The company provides micro financial services to poor and the needy people having no access to regular banking services
This helps to boost small businesses and financial inclusion which are heart of any economy and vital to the economy and promoting growth.
Possible measures taken by the organization includes providing funds for at lower interest rates and providing credit services. Subsidized credit to deficient areas increases productivity and employment growth by means of boosting the small and medium-sized enterprises.
This may work in poor communities in United States. However in united schemes there are lots of other governmental schemes such as coupons, free food etc program are already running.
However, these programs are also carrying a potential here. But there potential is much greater in poor countries having less developed banking and financial reach.
Explanation:
