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The purpose of this article is to generate new theorems of probability and to find out some applications of these theorems. In this case, suppose that we have a covered basket that contains many dices. In many blind tests, we will reach in and pull out a dice and set it on the table on one row from left to right. It is clear, each dice has six events (choices) including 1, 2, 3, 4, 5, and 6.
What is the application of these theorems (1 and 2)?
Following to my previous article of “EMFPS: Efficient Portfolio of Assets (CON): Application of Markov Chain” posted on the link of “http://emfps.blogspot.com/2011/11/emfps-efficient-portfolio-of-assets-con.html“, I am willing to continue my debate…Continue
Following to the article of “Application of Pascal’s Triangular in Corporate Financial Strategy” on link: http://emfps.blogspot.com/2012/04/application-of-pascals-triangular-in.html and the article of “Case…