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Probability

Introduction of probability


The conception of probability mathematics is emerged in real world due to uncertainty. In real life peoples found a great range of uncertainty ab out any outcome. The uncertainty exists in all of the field surrounding us. Uncertainty, exists in physics, mathematics, chemistry, economics, social science as well as in contest of cosmos. If we sure about any consequence of happening, it may not happen at all. That is uncertainty. The uncertainty of real world leads to emergence of probability mathematics.

Probability


Simply, probability means the chance of occuring of any consequence. If you toss a coin there have a two chance of happening of two consequence. Either, result of coin tossing may be head or tail. What should be happening of head in coin tossing. The probability of happening of head is half and probability of happening of tail is half.

Some basic concepts of probability


Experiment

The term experiment is doing something and no need it to define as otherwise, rather thinking as an experiment of physics, chemistry or other sciences in order to achieve outcome. You have toss a coin, that means you have done an experiment. You have started a business, that means you have done an experiment.

Sample space

Sample space is a set of all possible outcome from an experiment. The possible outcome of a coin tossing are head and tail. The set of head and tail for the experiment of coin  tossing is termed as sample space. You have started a business, two outcome may happen. One is success and another is failure. The set of the outcome in a business that you have started recently is called sample space.

Event

In  an experiment, each individual outcome is called happening or event.

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Popular Topics on Physics

 Following physics phenomena are considers as world most popular physics topics. Hawking Radiation Radiation from black hole. Black holes event Horizzon continuously radiates energy. Black Hole Region in universe from where nothing can escape. General theory of relativity It is a modified form of special theory of relativity introducing gravitation into it. Higgs Boson particles Recently discovered particles in universe. Quantum mechanics Quantum mechanics explain the behavior of motion particles in small scale.

Cost and expanse

Cost In accounting cost and expanse is so far different terms. Expanse is the cost that is incured to earn revenue. Not each of the cost  is consider as expanse.  Only these cost is considered as expanse that is concerned with earning revenue. Cost may be an asset or an expanse. The condition is important when we will define expanse or not.  Let us consider a few example that can define how we say cost as an expanse. The purchased equipment for a company initially be consider as the assets of the company.  But after a certain accounting period a portion of its value will be used.  A portion of the cost is expired.  This expired cost of the equipment is considered as the depreciation expanse. In that way any purchased value may be considered as asset  and expanse. Any unexpired cost is considered  as an asset. If a company purchases land for its business operation then the land cost is an assets of the company and it will never be e...

Time value of money

Time value of money Time value of money means the receivable money is today is more valuable than if it received in next year in accounting period.  There have a certain cause of happening that.  If any company received money today, there creates an opportunity to invest a portion of received money and can gain earn from investment.  If any company received 1000 dollar today and invest 8 parent in business to earn and finally profits 80 dollar in accounting period.  The receivable amount will reach in 1080 dollar.  Hence,  the received amount today 1000 dollar is equal to the received amount 1080 after a one year of accounting period. The time value money of 8 percent means that today's receivable money is equal to 8 percent more than one year next receivable amount.