QNT 351 Quantitative Analysis for Business Week 3

QNT 351 Quantitative Analysis for Business   Week 3




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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