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For the past few years, I've been answering questions about sales by clients in workshops, advisory engagements, sales coaching calls, and.

**Table of contents**

- Meaning and definition of Probability
- #SalesByBBCNola: Your Top Sales Questions Answered by BBC
- Probability | Theory, solved examples and practice questions | MBA Crystal Ball

We understand that budgets can fluctuate but it helps us help you when we know what the estimated spend is. Because of our longstanding partnerships with local vendors and suppliers, we are able to negotiate the best possible rates for our clients. Knowing what is financially realistic enables us to match your vision with your budget.

Some helpful group details to consider include:. Our pricing is inclusive of applicable taxes, gratuities, and our BBC management fee. There are no additional fees at the end. New Orleans' premier destination management company. David Rome, Director of Sales. Lyndi Smith, Associate Director of Sales. Jill Lambert, Senior Account Executive. Megan Hebert, Account Executive. Ashley Del Buono, Account Executive. Previous Post New South Style 6: If a pen is drawn at random from the pack, replaced and the process repeated 2 more times, What is the probability of drawing 2 blue pens and 1 black pen?

When two events occur, if the outcome of one event affects the outcome of the other, they are called dependent events. A pack contains 4 blue, 2 red and 3 black pens. If 2 pens are drawn at random from the pack, NOT replaced and then another pen is drawn. What is the probability of drawing 2 blue pens and 1 black pen? What is the probability of drawing a king and a queen consecutively from a deck of 52 cards, without replacement. Conditional probability is calculating the probability of an event given that another event has already occured. A single coin is tossed 5 times. What is the probability of getting at least one head?

What is the probability of the occurrence of a number that is odd or less than 5 when a fair die is rolled. We need to find P A or B. A box contains 4 chocobars and 4 ice creams. Tom eats 3 of them, by randomly choosing.

### Meaning and definition of Probability

What is the probability of choosing 2 chocobars and 1 icecream? When two dice are rolled, find the probability of getting a greater number on the first die than the one on the second, given that the sum should equal 8. A bag contains blue and red balls.

Two balls are drawn randomly without replacement. The probability of selecting a blue and then a red ball is 0. The probability of selecting a blue ball in the first draw is 0. What is the probability of drawing a red ball, given that the first ball drawn was blue? A die is rolled thrice. What is the probability that the sum of the rolls is atleast 5. Learn how to solve: At least one hat is correctly returned is compliment that no hat is returned correctly.

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Two cards are drawn at random from an ordinary deck of 52 card. Find the probability P that a Both are spade b One is a spade and one is heart. The answer should be: Lets assume probability of picking a red ball is X. The personal director of a company wishes to select applicant for advanced training without regard to sex.

## #SalesByBBCNola: Your Top Sales Questions Answered by BBC

Will you conclude that the applicants have arrived in a random fashion? The probability of snow tomorrow is 0. And the probability that it will bi colder is 0. The probability that it will not snow and not bi colder is 0. What is probability that it will not snow if it is colder tomorrow? There are three boxes, one of which contains a prize. A contestant is given two chances, such that if he chooses the wrong box in the first round, that box is removed from the selection and he then chooses between the two remaining boxes.

What is the probability that the contestant wins? Above answer can be explained as Prob. The answer to the second: XYZ company wants to start a food outlet in pakistan. Determine probability of starting the outlet in: The probability that a randomly chosen sales prospect will make a purchase is 0.

## Probability | Theory, solved examples and practice questions | MBA Crystal Ball

Suppose new born in a maternity clinic , 55 were females and 45 males. What is the probability of the next three deliveries are females? So,the probabilitt of the next three deliveries are females is 0. Five hundred raffle tickets are sold at P25 each for 3 pieces of P4,, P and P1, After each price drawing, the winner is then returned to the collection of tickets.

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What is the expected value if the person purchases four 4 tickets? There are three routes from a person,s home to her place of work. How many ways can she go from her home to her office? If she makes her various choices at random,what is the probability that she will take mornungside drive,park in lot A,use the south entrance and take elevator 1. As she starts her car one morning, she recalls parking lot A and B are closed for repair. Your email address will not be published. Tags gmat preparation gmat quantitative. 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.

An event that occurs for sure is called a Certain event and its probability is 1. This means that all other possibilities of an event occurrence lie between 0 and 1. This is depicted as follows: This also means that a probability value can never be negative. Every event will have a set of possible outcomes. Consider the example of tossing a coin. So is the probability of tail. Basic formula of probability As you might know from the list of GMAT maths formulas , the Probability of the occurrence of an event A is defined as: What is the probability of rolling a 5 when a die is rolled?

Compound probability Compound probability is when the problem statement asks for the likelihood of the occurrence of more than one outcome.

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- Probability | Theory, solved examples and practice questions;
- #SalesByBBCNola: Your Top Sales Questions Answered by BBC - BBC Destination Management.
- Compound probability.
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P A or B is the probability of the occurrence of atleast one of the events.