QNT351 Quantitative Analysis for Business Week 3 DQ

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.

What is the role of probability concepts in business decision-making? Provide specific examples.

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