Project #79712 - W3 Statistics Help- DQ

Instructions:  Please provide a 125-150 word response to Problems 1-4.

Question 1: Statistics for Business and Economics, Ch. 3

What are the differences between probability and coincidence? Can the probability be more than 1 or less than 0? Explain why or why not. What is probability used for in business?

Question 2: Statistics for Business and Economics, Ch. 4

Standard Normal Distribution

What are the characteristics of standard normal distribution? The HR department of an organization collects data on employees' age, salary, level of education, gender, and ethnicity. Which data do you think is more likely to follow normal distribution? Explain why. 

Question 3:  Probability Video

See transcript attached and provide a brief summary of the video in 125-150 words..

Question 4: TED Talks: Geoffrey West-The Surprising Math of Cities and Corporation Video

See transcript attached and provide a brief summary of the video in 125-150 words..

 

Subject Business
Due By (Pacific Time) 08/20/2015 02:00 pm
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