Hi Friends,
It’s time to explore what is the use of studying probability and queuing theory in Mathematics. Sounds exciting, right ??!!! 😀
They are as follows :
1. Mostly they are used in risk assessment and financial trade markets.
2. To predict the weather conditions.
3. Insurance, where we analyze different insurance plans and choose the best one.
4. Sportsmen, to analyze themselves and getting trained.
5. When we play games/video games.
6. Judicial Processes.
7. Commercial Queuing systems :
8. Computer :
9. Transportation Servicing Systems :
10. Supermarkets
11. Restaurants
12. Credit Card Companies
Regards,
Alams
It’s time to explore what is the use of studying probability and queuing theory in Mathematics. Sounds exciting, right ??!!! 😀
They are as follows :
1. Mostly they are used in risk assessment and financial trade markets.
2. To predict the weather conditions.
3. Insurance, where we analyze different insurance plans and choose the best one.
4. Sportsmen, to analyze themselves and getting trained.
5. When we play games/video games.
6. Judicial Processes.
7. Commercial Queuing systems :
- Hospitals, to queue the patients depending on the availability of doctors.
- ATM
- Petrol Bunks
8. Computer :
- Minimizing page faults in computing.
- Printer Queues
9. Transportation Servicing Systems :
- Bus Scheduling
- Luggage Collection, Passport Control, Runway Allotment in Airports.
- Toll Booths
10. Supermarkets
11. Restaurants
12. Credit Card Companies
Regards,
Alams
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