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AMS 333: QUANTITATIVE METHODS
| Institution | MURANG'A UNIVERSITY |
| Course | BUSINESS AND ECONOMI... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Brian Mike |
| File Type | |
| Pages | 47 Pages |
| File Size | 432.22 KB |
| Views | 2860 |
| Downloads | 0 |
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Description
The world is an uncertain place. Making predictions about something as seemingly mundane as tomorrow’s weather, for example, is actually quite a difficult task. Even with the most advanced computers and models of the modern era, weather forecasters still cannot say with absolute certainty whether it will rain tomorrow. The best they can do is to report their best estimate of the
chance that it will rain tomorrow
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