Discussion 1 Business Statistics and Quantitative Analysis

Discussion Best Practices

The Discussion is a great place to learn in an interactive environment, so be sure to participate actively in the weekly Discussion. By doing so, the entire class benefits from the Discussion and learning is significantly enhanced. You will need to respond substantially to at least two of your classmate’s posts. Please try to make your initial posts no later than Sunday night to give your classmates an opportunity to respond. You should also post throughout the week so that you can respond to any responses your classmates have made to your posts as well as participate in the Discussion. Be sure your post is grammatically correct, has been spell checked, and fully answers the question. 

There are three approaches to finding probability that you discussed in this unit; theoretical probability, relative frequency probability, and subjective probability. From your own experience either personally and/or professionally provide one example of where you have encountered each of these different probabilities. Be sure to explain why the example you cite is an example of the particular approach to finding probability.