Current account deficit and Probability: Difference between pages

Revision as of 12:06, 21 August 2013

The study of chance providing an objective measure of uncertainty.

Probabilities range between 1 (=100%) and 0 (=0%).

A probability of 100% means that an event is considered certain to occur.

A probability of 0% means that an event is considered certain not to occur.

Tossing an unbiased coin, the probability of getting a head is 50%.

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-''Economics - national accounting - balance of trade.''
+The study of chance providing an objective measure of uncertainty.
-(CAD).
+Probabilities range between 1 (=100%) and 0 (=0%).
-A measurement of a country's trade when the value of imported goods and services exceeds the value of exported goods and services.
+A probability of 100% means that an event is considered certain to occur.
-It includes net income, such as interest and dividends, as well as transfers, such as foreign aid.
+A probability of 0% means that an event is considered certain not to occur.
+Tossing an unbiased coin, the probability of getting a head is 50%.
-==See also==
-* [[Balance of payments]]
-* [[Balance of trade]]
-* [[CAD]]
-* [[Current account]]
-* [[Capital account]]
-* [[Economics]]
-[[Category:Trade_finance]]
+== See also ==
+* [[Conditional probability]]
+* [[Confidence intervals]]
+* [[Frequency distribution]]
+* [[Poisson distribution]]