Discussion Questions

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Discussion Prompt #1

 

 

 

How may variance and standard deviation be applied to a real-world business problem?  Provide a specific application in which these measures are useful.

 

 

 

 

Discussion Prompt #2

 

 

 

As a manager, what are some benefits of applying probability concepts to solve business-related problems?  Would business decisions suffer without probability concepts?  Explain.

 

    • 12 years ago
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