Ashford BUS 308 Week 2 Complete

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Week Two
Required Readings

Chapter 4: Probability
Chapter 5: Discrete Random Variables
Chapter 6: Continuous Random Variables

Discussions

Relative Frequency. Conceptually we would expect the probability of newborn males and females to be the same. However, census reports indicate that the ratios of males and females in various countries do not conform to the theoretical prediction. What do you think accounts for this variation? Can you think of other cases where the expected probabilities do not quite agree with the empirical values? 

Applications for Probability. In what situations might you use probability as a manager to approach business-related problems? What are the advantages to using probability concepts in business decisions? Are there any disadvantages or possible pitfalls to avoid in using probability in business? 

Quiz

1. Due Day 6. Week Two Quiz. Complete the quiz on the assigned readings for the week.

Assignments

Week Two Problems. Complete the following problems from the textbook and submit them as a Word file. When appropriate, you may use either Excel or Megastat to complete (see tutorials in chapter appendices).

Chapter 4: 4.4, 4.20, 5.12, 6.22(a)
Chapter 5:
Chapter 6:

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