Solved: Describe the rationale for utilizing probability concepts, Business Management

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Describe the rationale for utilizing probability concepts

Assignment:

Question 1. Describe the rationale for utilizing probability concepts. Is there more than one type of probability? If so, describe the different types of probability.

Question 2. Briefly discuss probability distributions. What is a normal distribution? Please provide a written example of how 'understanding distribution' can be an asset for any business project.

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Business Management: Describe the rationale for utilizing probability concepts

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