Probability values are assigned on a scale from 0 to 1, with 0 indicating that an event will not occur and 1 indicating that an event will definitely occur. In this activity, you will apply basic concepts of probability to common workplace issues.
Complete the following problems starting on p. 51: 2, 6, 7, and 14.
Your work should include, at a minimum, the following items:
- Worked out solutions, including any computer generated solutions.
- The answer clearly labeled at the end of the problem.
- Provide narrative answers to any questions as possible.
Your assignment should be at least 3 page(s) in length.