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What is meant by a probability distribution?

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What is meant by a probability distribution? Discuss how you could use one of the text probability distribution at your workplace to help solve a business problem. Illustrate an example by performing a probability distribution calculation.

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What is meant by a probability distribution?

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A probability distribution essentially is a function that associates an event with the chance of that event occurring.

The formal definition is: a probability distribution identifies either the probability of each value of a random variable (when the ...

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