Describe the rationale for utilizing probability concepts, assignment help

May 3rd, 2016
HelloWorld
Category:
Other
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) Daniel C.
(997)
School: Carnegie Mellon University
PREMIUM TUTOR

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
business project in the society
Probability and probability Distributions
Based on a number of resear...

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
Five Star Tutor
Dec 8th, 2016
" Outstanding Job!!!! "
kpcutie
Nov 25th, 2016
" Excellent job "
Joemoe
Nov 16th, 2016
" <3 it, thanks for saving me time. "
Hemapathy
Nov 11th, 2016
" all I can say is wow very fast work, great work thanks "
pmallory
Nov 2nd, 2016
" Totally impressed with results!! :-) "
kevin12622
Oct 20th, 2016
" Goes above and beyond expectations ! "
kiln82
Oct 11th, 2016
" awesome work thanks "
likeplum4
Sep 27th, 2016
" Excellent work as usual "
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