Describe the rationale for utilizing probability concepts, assignment help

May 3rd, 2016
Price: $5 USD

Question description

  1. Describe the rationale for utilizing probability concepts.  Is there more than one type of probability?  If so, describe the different types of probability.  

  2. Briefly discuss probability distributions.  What is a normal distribution?  Please provide a written example of how 'understanding distribution' can be an asset for any business project.
(Whoever has the best answer will when an award between one to five dollars, depending on the detail you provide!)

Tutor Answer

(Top Tutor) Doctor_Barney
School: Boston College

Kindly go through the attached document and let me know if you've got any queries.

Probability and probability Distributions
In most cases, the notion of probability refers to the number an event is likely to occur.
There are various perspectives of probability including the classical probability, the empirical
probability as well as the axiomatic and the subjective probability (Tong, & Peng, 2014).
Therefore, the main aim and purpose of this research paper is to discuss, outline as well as
describe the rationale for utilizing probability concepts. The paper will also include different
types of probabilities and also discuss probability distribution systems especially towards a
business project in the society
Probability and probability Distributions
Based on a number of resear...

Studypool has helped 1,244,100 students

Review from student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1823 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors