
Chapter 5
PB
Probability
173
Probability
But to us, probability is the very guide of life
—Bishop Joseph Butler
LEARNING OBJECTIVES
Upon completion of this chapter, you will be able to:
Pidilite Industries is the market leader in the fi eld of adhesives and
sealants in India. Some of its popular brands are Fevicol, Cyclo,
Sargent Art, Hobby Ideas, Fixit, Roff, and M-Seal. Fevicol enjoyed a
monopoly in the Indian market until Vam Organics (now known as
Jubilant Organosys) came in to the picture by launching its brand
Vemicol.
The success of Pidilite is synonymous with the success of its
fl agship brand “Fevicol.” Fevicol ...