Possibility Theory on Economic Problems

Abstract:

A random phenomenon is so common in human economic activities, during the process of researching and revealing the random phenomena, as a theory of probability, Mathematical expectation has been widely used in the field of social economy. Based on the analysis of the specific case in the actual business decision-making, this article lists the average in the prediction, reducing work load and the gross profit maximum problems; through the establishment of random variable model, using the theory of mathematical expectation for data measured to choose the best scheme, method and procedure to provide policy makers who make the best choice the best theoretical basis; aiming to make the operators more scientific and rational when choosing investment and catching investment opportunity, Mathematical expectation plays an important role in economic activities.

• Periodical: Advanced Materials Research (Volume 1037)
• Pages: 490-493
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.1037.490
• Online since: October 2014
• Authors: Hui Zhu Tian, Zhong Qi Dong*, Wei Qing Huang, Wen Xin Li, Ying Yang
• Keywords: Economic Activity, Mathematical Expectation, Maximum Profit, Random Variables

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