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20 BASIC FORMULAS
Example. 7,9,11,6,13,6,6,3,11
1. Add up all the numbers 7+9+11+6+13+6+6+3+11=72
2. Divide the answer by number of observations/terms 729=8
3. So the mean value is 8
2.MODE
Mode is the value that appears the most.
Example. 7,9,11,6,13,6,6,3,11
Example. What is probability of getting a sum 9 from two thrown of dice.
There are 36 total favourable outcomes of 2 dices.
Let E=event of getting a sum 9 =
P(A)==
=
5.Permutation
A permutation is a mathematical technique that determines the number of possible arrangements in a set.
• Formula. P(n,r) = n! / (n-r)! Where n = total items in the set; r = items taken for the permutation; "!" denotes
factorial
Formula.
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