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Course Description

A primary goal of working with statistics and probability is to try to predict what may happen in the future. In many cases, outcomes are the results of random events. By examining all of the possibilities, however, we can make predictions about what will occur. In a business setting, this will enable you to make more effective, profitable decisions. In this lesson, you will examine the rules of probability, which can aid in understanding what is most likely to happen under a variety of scenarios.

Benefits to the Learner

  • Examine how random events can affect the outcome of a scenario
  • Model a decision or process with a binomial distribution
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Type
self-paced (non-instructor led)
Dates
Mar 29, 2024 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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