# Describe the rationale for utilizing probability concepts, assignment help

May 3rd, 2016
Anonymous
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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!)

(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
Introduction
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
Probability and probability Distributions
Based on a number of resear...

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