# Probability Essays: Free Topic, Sample and Examples

Discrete Approximations of Probability Distribution
The paper "Discrete Approximations of Probability Distribution" is a wonderful example of an assignment on statistics. The accuracy of a discrete estimation of a probability distribution is measured by the degree to which the moments of the estimation match those of the initial distribution. Conventional methods of attaining a discrete estimation based on the means of intervals, steadily underestimate the moments of the initial distribution. Moreover, the magnitude of the underlying error within ...
Information Security - the Difficulty in Estimating the Probability of a Threat or Attack Occurring
The paper “Information Security - the Difficulty in Estimating the Probability of a Threat or Attack Occurring” is a  meaningful variant of assignment on information technology. Information security is the aspect of keeping and protecting information from unauthorized access, presentation, modification, and even destruction, which would attribute to huge losses mostly in organizations. The qualities of information security are confidentiality, integrity, and availability. Confidentiality ...
Determining the Probability Loss of Product Containment, Likelihood of the Incident Resulting in a Vapour Cloud Explosion and
The paper “Determining the Probability Loss of Product Containment, Likelihood of the Incident Resulting in a Vapour Cloud Explosion and Fatality”  is a well-turned variant of essay on environmental studies. There are a limited number of bulk petrol storage facilities in the United Kingdom that are important in playing a significant role as an energy source. The existence of these facilities has caused the UK to develop energy structures that are easily influenced by both the interaction ...
Question 1:Given the performance of the stock with reference to the NASDAQ stocks it is possible to construct a tree diagram that will help in the analysis of various outcomes; the tree diagram is as follows:From the tree diagram we can determine the various probabilities, in this case we determine the probability that a stock that was a recommended buy outperformed the NASDAQ stocks, this is derived from simply multiplying the probability of outperforming the NASDQA by the probability that this ...
Statistics of Failure and Weibull Analysis
The paper "Statistics of Failure and Weibull Analysis" is a worthy example of an assignment on statistics. When we increase the number of samples, we also increase the number of the cells, and what we eventually get is a continuous curve for the failure distribution function F(t) and the pdf. F(t) is simply the area under f(t) as we increase the cycles. Therefore F(T), the value of F(t) at t=T is obtained from - (t is the x-coordinate): F(t) is known as probability failure or the failure ...
Social Work
SELECTING PARTICIPANTS IN THE RESEARCHSampling:this is the step of determining who will be in the research as participants –not everyone can be included a sample needs to be representative of the population to be studied as much as possibleKEY CONCEPTS IN SAMPLINGSample:The sample is representative of the population. A representative sample has the same distribution of the characteristics as the population from which it is selectedResults from a representative sample can be generalized to a wider ...
Egress And Risk Assessment
Question 1 – Fire Risk ManagementCommunication and consultant planIn the communication and consultant, planning it requires two-way dialogue between the risk management group and the stakeholders. Instead of one-way flow of information from the Working Group and the stakeholders, this plan should focus on the exchange of information. Communication and consultant plan will have four levels of leadership, which ensures communication is effective. That is, the support level, management level, senior ...
Questions In Statistical Models & Inference
P2 = Xi (1 + ri/100) Where is randomly chosenOne-Sample StatisticsNMeanStd. DeviationStd. Error Meanp2470145.3746E33653.5977916.85028One-Sample TestTest Value = 0 tdfSig. (2-tailed)Mean Difference95% Confidence Interval of the DifferenceLowerp2318.96147013.0005374.574255341.5475For p3 ri = 200One-Sample StatisticsNMeanStd. DeviationStd. Error MeanPolyps470143359.252283.33410.531p2470145.3746E33653.5977916.85028p3470146.7185E34566.6685621.06133One-Sample TestTest Value = 0 tdfSig. (2-tailed)Mean Difference95% ...
Reliability Engineering in Complex Systems
The paper “Reliability Еnginееring in Соmрlех Systems”  is a fascinating example of an assignment on engineering and construction. The minimal cut set consists of systems failure events that are sufficient and relevant in causing the top event. In this case, of fault tree for cooker fire, the approach used here considers the fault tree as a logic tree as well as a reliability block diagram. The extraction of minimal cut sets takes place from the fault tree diagram. Here it considers ...
Statistics .PROJECT 1: SIMPLE DATA ANALYSIS & COMPARISON REPORT GUIDELINES
Simple Data Analysis ReportIntroductionThis report uses descriptive statistics to analyze and compare three data sets generated from different probability distribution each; Distribution 1, Distribution 2, and Distribution 3. For the purposes of this report it is assumed that the data analysis will provide a quick and easy way of understanding the information presented in the graphs and tables than it is from the raw data. However, comparison of the three data is limited by a greater range disparity ...
Simple Data Analysis and Comparison
The paper "Simple Data Analysis and Comparison" is an excellent example of a term paper on statistics. Introduction Data analysis is crucial in transforming, remodeling and revising a given data in the view of reaching a certain decision for a given problem or situation (Maindonald and Braun 2010). The analysis and comparison of the three data sets, each with 150 counts, provides an insight into various aspects of the data structure which enhances a better understanding of the information presented ...
The risk analyze of health insurance
argument Tara Siegel Bernard’s article en d “Weighing the Risks of Going Without Health Insurance” is basically a cost-benefit analysis whether to get or not to get a health insurance. Her argument is grounded on the assumption that there is a corresponding cost to protection from medical bills which is economically sound and that without health insurance, people run the risk of not getting the needed health care when they needed the most. In general, Bernard’s argument is agreeable except that ...
Environmental Hazards And Risk
Definition of Risk Risk has been defined as probability times consequences (Helm 1996). It has also been defined as hazard plus outrage (Sandman 1993), as well as threat plus vulnerability (Glade 2005). Helm’s definition has both strengths and weaknesses. It is strength that the definition is precise and exact (Kelman 2003. P.1). However, this definition also is “misleading” (Kaplan & Garrick 1981, p.3). It would lead one to think that risks of the same numerical value are of equal importance, ...
Data Analysis Assignment
Question 1:a. Mean and standard deviation:Given that the sample was randomly selected then the sample means is expected to be unbiased and therefore depict the population means, this means that the sample mean of the random sample will be an unbiased estimator of the population mean, in this case therefore we determine the sample mean, the results below shows the SPSS output where n =258:TotalMeanStd. Deviation57.178317.97748Sum14752.00In the above case n = 258, the population means is mean is 57.1783 ...
India Risk Assessment
1.2 Fault Tree Analysis (FTA)16Figure 2: Fault tree analysis of risks affecting India161.3 Action Plan for the Risks181.4 Conclusion19The Government of India, (2016). Environment Protection, Ministry of Environment, Forest andClimate change obtained from http://envfor.nic.in/division/environment-protection221.0 IntroductionIndia has the second largest population in the world with a population of over 1.2 billion people. It has a GDP worth US\$2.067 trillion according the report in 2014. India has ...
Risk and Uncertainty in Project Management Decision-Making by Karolina Koleczko
The paper "Risk and Uncertainty in Project Management Decision-Making by Karolina Koleczko" is a great example of a business article review. In chapter five, the concept of risk management in projects was introduced. One article related to this topic is Risk and uncertainty in project management decision-making written by  Karolina Koleczko (2012). In this article, the author attempts to differentiate between risk and uncertainty in project management, and also focuses on how this difference ...