QNT 561 Week 3 Individual Assignment Decision on Uncertainty Paper

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Research statistical data in a business context that requires a decision. Use probability concepts to formulate a decision.

  • Write a 700- to 1,050-word paper, explaining your research methods and process for limiting the uncertainty in the decision.
  • Address the following in your paper:
  • Include how you applied concepts to formulate your decision.
  • Include appropriate probability concepts and your application to find resulting data to limit uncertainty in this decision.
  • Identify each outcome from your statistical analysis, providing rationale for each.
  • Identify tradeoffs between accuracy and precision required by various probability concepts and the effect on your data.
  • Include the decision you made based on statistical data.
  • Format your paper consistent with APA guidelines.
    • 11 years ago
    QNT 561 Week 3 Individual Assignment Decision on Uncertainty Paper
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