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Handout1

By Matthew Hunt,2014-04-25 07:36
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1 EC105: QUANTITATIVE TECHNIQUES HANDOUT 1 PROBABILITY (P1, par. 1, 2) 1.1 Introduction Many events in real life are associated with uncertainty: What is the demand for my product going to be next month? Is it going to rain today? Etc. We cope with this uncertainty by making guesses, taking gambles or calculating risks. In ..
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