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The Birthday "Paradox" Problem 🍰🎉

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The concept of probability may seem like a very straightforward and obvious if it is seen from the surface level. However, if you go to the depth of the concept, you can find a little level of difficulty due to several mathematical operations. Nevertheless, if you succeed in grasping the basic concept of probability, it is no longer a tedious task. Once you understand it, it may seem tricky and challenging but quite interesting to you. You might have solved problems generally relating to rolling a die, deck of cards, colored balls, tossing a coin etc. Here, we are going to explain something different yet interesting.                In this blog, we will discuss a “paradox” of birthday problem probability which will precisely make you familiar about the compounding power of paradox which is strange, counter-intuitive but factually true! Generally, this problem is viewed as counter-intuitive because it goes against our intuition as our brains ...
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Indian Recession of 2007-09

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Abstract The paper discusses about the Global Economic Recession of 2007-09. It states the causes of it and its consequences and impact on the Indian economy. It mainly focuses on the financial and economic impact of the crisis. It further analyzes the monetary and fiscal response undertaken by the monetary authority and government respectively in the context of IS-LM model. Keywords: Recession, financial sector, GDP. The era of LPG (liberalization, privatization and globalization) began in India after 1991 Indian economic crisis. Since then, India’s contribution in world GDP had increased to 2% in 2004 from almost negligible pre-1991. Indian economy was performing very well till 1999 when dotcom bubble crisis led to an economic shock and GDP rate fell to 3.8% in 2000. This crisis was caused by increase in stock prices in the Internet and technology sectors due to increased internet surfing, evolution of IT industry and digital transformation. Though it led to recession in India from 2...
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