QNT 351 Week 3(Quantitative Analysis for Business)
QNT 351 Week 3 DQ1
What are the differences between probability and coincidence? Can the probability be more than 1 or less than 0? Explain why or why not.
QNT 351 Week 3 DQ2
What is the role of probability concepts in business decision-making? Provide specific examples.
QNT 351 Week 3 DQ3
What are the basic differences between a discrete and a continuous distribution?
QNT 351 Week 3 DQ4
What are the characteristics of standard normal distribution? Explain how to calculate the z-test static. Explain how a z-value is used to calculate the area under the distribution and the meaning of P(0 to z) when z = 1.96.
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