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Statistics

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Chapter 4 Using Probability and Probability Distributions

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Using Probability and Probability Distributions

Business Statistics: A Decision-Making Approach CEEN-2130/31/32. Using Probability and Probability Distributions. Chapter Goals. After completing this chapter, you should be able to: Explain three approaches to assessing probabilities Apply common rules of probability

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Chapter 4 Using Probability and Probability Distributions

Business Statistics: A Decision-Making Approach 7 th Edition. Chapter 4 Using Probability and Probability Distributions. Important Terms. Random Variable - Represents a possible numerical value from a random event and it can vary from trial to trial

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