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

Second Question:

Describe an example set of data (different from any other’s example already posted) which you think would be normally distributed?  Why do you think this is so?

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