Construct Histograms, and Build Frequency Distributions Part 3
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Part3.docxPart 3 -- Submit during Module 04:
1. Introduce your assignment with a discussion of probability distributions.
a. What is a probability distribution?
b. What are the requirements for a probability distribution?
c. How are probability distributions helpful for the analysis of your chosen scenario?
2. Using the discrete/quantitative variable that you analyzed in Part 1, construct a probability distribution for the data. Interpret your results in context of your chosen scenario.
3. Calculate the parameters of your probability distribution. Interpret your results in context of your chosen scenario.
a. Mean
b. Variance
c. Standard Deviation
4. Use the Range Rule of Thumb to identify any unusual results. Interpret your results in context of your chosen scenario.
5. Conclusion
a. Recap your ideas by summarizing the information presented.
