Discussion Questions

Subject – Data Analysis and Business Intellegence

Discussion Question 1 

Discuss: 

a. What is a probability distribution? 

b. What is a continuous probability distribution? 

c. Provide an example from business of the usefulness of a probability distribution and/or a  continuous probability.

Discussion Question 2 

Discuss: 

a. What are the differences in the various types of sampling? 

b. Discuss the concept of confidence intervals. 

c. What factors will you consider when determining sample size?