probability concepts and applications, management homework help
- Describe the various approaches used in determining probability values.
- Describe the characteristics of a Bernoulli process. How is a Bernoulli process associated with the binomial distribution?What is a random variable? What are the various types of random variables?
- What is the expected value, and what does it measure? How is it computed for a discrete probability distribution?
- What is the variance, and what does it measure? How is it computed for a discrete probability distribution?
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