BUS 308 Week 1 DQ 2 Probability
To Purchase This Material Click below Link
http://www.bus308helps.com/product-60-BUS-308-Week-1-DQ-2-Probability
FOR MORE CLASSES VISIT
www.bus308helps.com

Things vary in life – virtually nothing (except physical standards such as the speed of
light) we interact with is constant over time. Much of this variation follows somewhat
predictable patterns that can be examined using probability. An example of a subjective
probability is: “Cops usually do not patrol this road, so I can get away with speeding.” An
empirical probability example is: “Each production run has a 5% reject rate.” A classical
(or theoretical) probability example is: “This die has six sides, so I should see the number
2 come up 1/6th of the time.” What are some examples of probability outcomes in your
work or life? How would looking at them in terms of probabilities help us understand
what is going on? How does the normal curve relate to activities/things you are
associated with?