QNT 351 Week 3 Statistical Techniques in Business and Economics, Ch. 6: Discrete Probability Distributions

QNT 351 Week 3 Statistical Techniques in Business and Economics, Ch. 6: Discrete Probability Distributions 

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QNT 351 Week 3 Statistical Techniques in Business and Economics, Ch. 6: Discrete Probability Distributions

Read pages 174, 176, 177, 178, 179, 180, and 182-190 in Ch. 6 of Statistical Techniques in Business and Economics. 

Consider the following as you read:

• The concepts of mean and standard deviations of probability distributions play a significant role in managerial decision-making. Binomial distribution is critical in managerial decision-making.