A typical example of a random variable is the outcome of a coin toss. Consider a probability distribution in which the outcomes of a random event are not equally likely to happen. If the random variable Y is the number of heads we get from tossing two coins, then Y could be 0, 1, or 2. This means that we could have no heads, one head, or both heads on a two-coin toss.

However, the two coins land in four different ways: TT, HT, TH, and HH. Therefore, the P(Y=0) = 1/4 since we have one chance of getting no heads (i.e., two tails [TT] when the coins are tossed). Similarly, the probability of getting two heads (HH) is also 1/4. Notice that getting one head has a likelihood of occurring twice: in HT and TH. In this case, P (Y=1) = 2/4 = 1/2.

1.what are the basics that can be used to differentiate and explain the Time frame for planning in management

2.discuss the two parameters of the operational plans in management with examples where relevant

3.explain on the step 3 of the making of an effective plan for management purposes

4.how does the stage of Evaluate the alternatives play a major role in planning

5.conceptualize the Environmental Barriers to effective planning in management

6.chip in the scenario of Poor Goal Setting to limit the achievement of the desired plan

7.does resistance to change have any impact in planning? analyse how

8.shed some details that are attributable to Time and Expense in planning

9. discuss the efficiency of participation as a tool for avoiding barriers to planning in management

10.discuss thePrinciple of Navigational Change in planning for management