Business data discussion question – probability distributions

 

This discussion addresses the following module outcome:

  • MO4: Apply probability distributions to evaluate data and make business decisions. (CO2, 3, 5)

Many business decisions are impacted by probability because few things in life are certain.

For this discussion, research articles, either popular or academic, that discuss the role of probability in practical business operations. Summarize the article and discuss how the concepts in the article might apply to your current or future business tasks.

Be sure to attach a copy of the journal and/or a link to where the study is located on the internet and include a full, APA citation in your post.