QNT 275 Week 3 Probability - Learning Activities Required (Participation Responses)

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QNT
275 Week 3 Probability


Learning
Activities Required




    • 3.1 Differentiate between discrete, continuous, and
      conditional probability.

    • 3.2 Apply probabilities to support business
      decision making.

    • 3.3 Describe characteristics of standard normal
      distribution.




 

 

Learning Activities 
Required


 

Probability and Conditional Probability in Business
Decision Making


Random Variable

Essentials of Business Statistics, Ch. 4

Essentials of Business Statistics, Ch. 5

Essentials of Business Statistics, Ch. 6

The Multiplication Rule

Week 3 Learning Team Collaboration Discussion:
Probability


Resource: Case Study 5.2 in Chapter 5 of
Essentials of Business Statistics


Calculate the requested probabilities
for items 1-3.


Discuss your findings for the
probabilities.



  • What was the smoking
    trend from 1997-2007?

  • Is this a discrete,
    continuous, or conditional probability? Why?

  • How do probabilities help
    you understand trends in data?

  • What steps might you
    recommend, related to smoking behavior, based on this trend?



 

 
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