Discussion:
Research statistical data that requires a decision. Use probability concepts to formulate your decision.
Explain your research methods and process for limiting the uncertainity in the decision.
Address:
1) how you applied concpets to formulate your decision.
2) Include appropriate probability concepts and your application to find resulting data to limit uncertainity in this decision.
3)Identify each outcome from your statistical analysis, providing a rationale for each.
4) Identify tradeoffs between accuracy and precision required by various probability concepts and the effect on your data.
5)Include the decision you made based on statistical data.
Attachment:- Research.rar