How the following statistical devices can be used in business today? Describe their usefulness and how businessman can be benefit, or how to help them in making sound decisions. (Explain individually)
--probability
--probability distributions
--normal distribution
--permutation and combinations
Here is just a sample of what you'll find in this solution:
"Probability distribution assigns to every interval of the real numbers a probability, so that the probability axioms are satisfied. Probability distributions have many different..."