Bus 300
INeal
BUS300GroupWork2.docxGroup Work 2
Deadline: Feb 21, 2018 (I will collect your written work at the beginning of the class).
Discuss the following questions with your classmates. After the class discussion, choose one question of your interest and write a short essay on it. You must voluntarily form a group of 2 to 5 fellow students and work collectively in this assignment.
Instruction: Write your complete name as it appears on the CMU system and your CMU user ID (i.e., your CMU email) on your assignment (write them for all group members). Write at least two paragraphs and your writing should not exceed two pages (12 pts, Times Roman font, double space). This two-page limit includes the list of any citations or references. This means, you can choose to write just one page, less than one page, two pages, less than two pages, but not more than two pages. Note that only quality of your writing, coupled with the compelling ideas you bring forward are important factors in grading, not the number of pages you write. Your written work will be graded on the scale of 25 points, see your grading rubric for more details.
· Discuss the importance and uses, with examples, of the measures of central tendency and dispersion.
· Define probability concept? Discuss the applications and importance of probability concepts in business decision making.
· Listen and respond to NPR Risk and Reason podcast Pop Quiz: 20 Percent Chance Of Rain. Do You Need An Umbrella? ( https://www.npr.org/2014/07/22/332650051/there-s-a-20-percent-chance-of-rain-so-what-does-that-mean ). (following your understanding of the podcast, frame your responses with relevant examples from the business, management or decision-making sectors).
