Devry BIAM300 2022 March Week 3 Discussion Latest
BIAM300 Managerial Applications of Business Analytics
Week 3 Discussion
Probability Distribution and Statistics
There are many important topics to discuss this week. Review Sections 3.1 to 3.10 and respond to the questions below.
1. What is the purpose of using a Venn diagram?
2. Why is Bayes' Theorem important to understand? How is it used in business analytics?
3. Define normal distribution, and explain why it is important to a CEO?
4. This week, we have examples of R and how it can chart distributions. Why are charts important in the business environment?