SSC CGL Exam > SSC CGL Videos > SSC CGL Tier 2 - Study Material, Online Tests, Previous Year > Permutation - Probability, Business Mathematics and Statistics
Permutation - Probability, Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
This video is part of 1366 videos|1313 docs|1016 tests | Join course for free |
FAQs on Permutation - Probability, Business Mathematics and Statistics Video Lecture - SSC CGL Tier 2 - Study Material, Online Tests, Previous Year
| 1. What is the concept of permutation in probability? |  |
| 2. How is permutation related to business mathematics? | |
Ans. Permutation is used in business mathematics to calculate the number of ways in which different elements can be arranged or ordered. This is important in various business scenarios, such as arranging employees for a project, assigning tasks to team members, or determining the order of processes in a manufacturing line. By using permutation, businesses can effectively plan and organize their resources.
| 3. What role does permutation play in statistics? | |
Ans. Permutation plays a crucial role in statistics, particularly in hypothesis testing and experimental design. In hypothesis testing, permutation tests are used to determine the statistical significance of observed data by comparing it with all possible permutations of the data. This helps in making inferences about the population based on the sample data. Additionally, permutation is also used in experimental design to create randomized designs and control group assignments.
| 4. Can you provide an example of permutation in business statistics? | |
Ans. Certainly! Let's say a company wants to conduct a survey among its customers. They have a list of 10 questions, and they want to randomly select and present 5 questions to each customer. By using permutation, the company can calculate the number of possible question combinations. The formula for this is 10P5 = 10! / (10-5)! = 10! / 5! = 10 x 9 x 8 x 7 x 6 = 30,240 possible combinations.
| 5. How can permutation be applied in risk analysis for businesses? | |
Ans. Permutation can be applied in risk analysis for businesses by considering all possible outcomes or scenarios. By using permutation, businesses can assess the probability of different outcomes and their potential impact on the business. This allows them to make informed decisions and develop risk management strategies accordingly. For example, a company might use permutation to analyze the potential outcomes and associated probabilities of different investment options or market scenarios.
About this Video
4.70/5
Rating
Apr 17, 2025
Last updated
Video Description: Permutation - Probability, Business Mathematics and Statistics for SSC CGL 2025 is part of SSC CGL Tier 2 - Study Material, Online Tests, Previous Year preparation.
The notes and questions for Permutation - Probability, Business Mathematics and Statistics have been prepared according to the SSC CGL exam syllabus.
Information about Permutation - Probability, Business Mathematics and Statistics covers all important topics for SSC CGL 2025 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Permutation - Probability, Business Mathematics and Statistics.
Introduction of Permutation - Probability, Business Mathematics and Statistics in English is available as part of our SSC CGL Tier 2 - Study Material, Online Tests, Previous Year for SSC CGL & Permutation - Probability, Business Mathematics and Statistics in
Hindi for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year course. Download more important topics related with notes, lectures and mock test series for
SSC CGL Exam by signing up for free.
Description
Video Lecture & Questions for Permutation - Probability, Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material, Online Tests, Previous Year - SSC CGL full syllabus preparation | Free video for SSC CGL exam to prepare for SSC CGL Tier 2 - Study Material, Online Tests, Previous Year.
Information about Permutation - Probability, Business Mathematics and Statistics
Here you can find the meaning of Permutation - Probability, Business Mathematics and Statistics defined & explained in the simplest way possible.
Besides explaining types of Permutation - Probability, Business Mathematics and Statistics theory, EduRev gives you an ample number of questions to practice Permutation - Probability, Business Mathematics and Statistics tests,
examples and also practice SSC CGL tests.
Related Searches
ppt
,Important questions
,Previous Year Questions with Solutions
,Permutation - Probability
,Online Tests
,Extra Questions
,study material
,Sample Paper
,MCQs
,Free
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,Previous Year
,Previous Year
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
,past year papers
,Online Tests
,Objective type Questions
,Permutation - Probability
,Summary
,Viva Questions
,Semester Notes
,Exam
,mock tests for examination
,Online Tests
,video lectures
,shortcuts and tricks
,practice quizzes
,Previous Year
,Permutation - Probability
,Business Mathematics and Statistics Video Lecture | SSC CGL Tier 2 - Study Material
;
Study Permutation - Probability, Business Mathematics and Statistics on the App
Students of SSC CGL can study Permutation - Probability, Business Mathematics and Statistics alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Permutation - Probability, Business Mathematics and Statistics,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Permutation - Probability, Business Mathematics and Statistics is prepared as per the latest SSC CGL syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup on EduRev and stay on top of your study goals
10M+ students crushing their study goals daily