Stats Discussion

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 Need 250 words initial post and two replies of 75 words each. i will post the replies later. 

Write a minimum of 250 words for each of the discussion questions below:

  1. Select a discrete probability distribution and present a real-life application of that distribution. Interpret the expected value and the standard deviation of your selected distribution within the context of the real-life example that you have selected, and describe how these values can be used by enterprise decision-makers.
  2. Select a continuous probability distribution and present a real-life application of that distribution. Interpret the expected value and the standard deviation of your selected distribution within the context of the real-life example that you have selected, and describe how these values can be used by enterprise decision-makers.

In your two replies to classmates, comment on their choices of probability distributions, and provide additional examples of applications of the probability distributions that they have selected.

  • 6 years ago
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