Watch the Probability and Conditional Probability in Business Decision-Making video.
Consider the following as you watch:
- Define probability.
- Provide three examples of probability.
- Define conditional probability.
- Provide three examples of conditional probability.
- Describe what questions you might ask to determine probability of risks when starting your own company.
Provide at least three questions. Transcript below
Describe an example set of data (different from any others example already posted) which you think would be normally distributed? Why do you think this is so?