Question

Give an example of how probability is used in being an accountant?

Answer 1

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Paobability thaoy gives the condlerion on possibility of ( cortain evenla The total probabilities ase of Ocuwance always equals. to100. The example d paobability used bey aQccountant al follows * any Contsace of construntion of building, he * construector° oa beups gives extra bon for complotion of building The bonus is as ID case early. Due dale Sep 30 I completad on Aug 31 July 31 Boneus am s00,000 1000000 1200000 i500000 Jere 30 may 30

The accountant of congtrutee or beuilder neceteas uses probability to calculale the estimalad bones received can be Accountant's calculatione Conserution complatis on Bonus Paobability estimal Banus C=AXB ా lo000000 +200000 1కంందఇక్క Hug 31 $July 31 Jene 30 200000 15% 150000 240000 3ం0 20%. May 31 Total estinmaled bonue 100%. 965000 This ip how accountant cas use paobability to calcuelate అan estimates.