BUSN311 Discrete Probability Distribution Discussion

November 24, 2022

BUSN311 Discrete Probability Distribution Discussion

Order Number	636738393092
Type of Project	ESSAY
Writer Level	PHD VERIFIED
Format	APA
Academic Sources	10
Page Count	3-12 PAGES

Instructions/Descriptions

BUSN311 Discrete Probability Distribution Discussion

[Order Now]

My BUSN311 U2 was incorrect, please template with the figures

Assignment 2

Title:

Unit2 – intellipath

Type:

intellipath

Deliverable Length:

See Assignment Details

Due Date:

6/23/2014

Possible Points:

120

Description:

Unit 2:

Unit 2

There are 3 steps to complete this task.

Step 1: Determine Knowledge (Complete this step by Wednesday)

Click on the intellipath icon in the Left Navigation Bar of your Classroom under the Course Work section to begin.

A landing page will appear, scroll down and Click on Start intellipath.

Choose Determine Knowledge from the Steps Tab on the left-side of your screen.

Step 2: Learning Path

Once you complete the Determine Knowledge follow the instructions to begin working on your Learning Path.

Your path will only consist of learning nodes that you need to work on and is individualized for you.

You will receive feedback as you work through your path.

Step 3: Practice & Revision

As you are working in your Learning Path you may need to spend additional time in specific areas to improve. You can do this by practicing and revising. Review this document. Click Intellipath for intellipath Suggestions to help guide you on how to Practice and Revise to increase your Knowledge State.

How do I make the most out of the intellipath Experience?

Each week you will want to improve your Knowledge State. You can do this by practicing and revising your work in your learning path. You can improve every phase throughout the entire course.

Choose to Practice when you have a good understanding of the material, but still have room for improvement.

Revise a node when you feel like you need to learn more on a topic. Click on the Revise Button to begin a new lesson on a specific node.

Grading Criteria:

Grading by intellipath

Measurable Terminal Course Objectives:

There are no TCOs for this Learning Event.

Feature List:

Learning Materials

Live Session Talking Points:

Event

Defined

Outcome of a probability experiment

Sample Space

Collection of all events

List of all possible outcomes

Properties of Probability

Individual Probabilities

Each individual probability must be between 0 and 1 inclusive

Sum of Probabilities

The entire sample space of probabilities must always sum to 1

Classical Probability

Requires equally likely outcomes

Each event’s probability is the same

Number of ways event can occur/ Number of possible outcomes

No probability experiment is performed

“TRUE” probability

Empirical Probability

Probability experiment is performed

Frequency of event / number of trials of experiment

Estimated value as each probability experiment will produce different results

Rules

Complement

Probability the event did not happen

One minus the probability event did happen

Addition Rule

“OR” probability of multiple events

Multiplication Rule

“AND” probability of multiple events

Conditional Probability

Given information ahead of time

Information can change the probability results

Uses | as given sign

Used with dependent events

Random Variables

Variable: used to represent a value associated with a probability outcome

Types

Discrete

Countable with distinct separation between each

Continuous

Infinite or with upper bounds that take on a range of values

Discrete Probability Distribution

Distribution

Measurement of probability data set

Consist of probability values between zero and one, inclusive

Probabilities must add to one

Binomial vs. Poisson

Both discrete probability distributions

Binomial

Two possible outcomes

Find number of successes in a fixed number of trials

Poisson

Interval probability

Find probability occurred in a particular interval of time

[Order Now]

Expectation

Expected Value

Experiment ran over and over

In the long run what would be expected

Multiply each value of random variable by particular probability and sum

Normal Distribution

Continuous Random Variable

Symmetrical

Mean, Median, Mode all equal

Standardized data for Normal table lookup

Mean = 0

Standard Deviation = 1

Unit Resources:

BUSN311_U2IP_Template1.doc

Common Probability Distributions

How To Use Excel to Make a Frequency Table

Univ. of Calif. -TDIST, TINV, NORMSDIST and NORMSINV

Deakin University – Deakin Business School – Probability & Stats.

Probability Games

HyperStat

Interacting with Probability

HyperStat Online

Stattrek

Chance

Engineering Statistics Handbook

Poisson Distribution

Probability and Distributions

BUSN311 Discrete Probability Distribution Discussion

RUBRIC

Excellent Quality

95-100%

Introduction

45-41 points

The context and relevance of the issue, as well as a clear description of the study aim, are presented. The history of searches is discussed.

Literature Support

91-84 points

The context and relevance of the issue, as well as a clear description of the study aim, are presented. The history of searches is discussed.

Methodology

58-53 points

With titles for each slide as well as bulleted sections to group relevant information as required, the content is well-organized. Excellent use of typeface, color, images, effects, and so on to improve readability and presenting content. The minimum length criterion of 10 slides/pages is reached.

Average Score

50-85%

40-38 points

More depth/information is required for the context and importance, otherwise the study detail will be unclear. There is no search history information supplied.

83-76 points

There is a review of important theoretical literature, however there is limited integration of research into problem-related ideas. The review is just partly focused and arranged. There is research that both supports and opposes. A summary of the material given is provided. The conclusion may or may not include a biblical integration.

52-49 points

The content is somewhat ordered, but there is no discernible organization. The use of typeface, color, graphics, effects, and so on may sometimes distract from the presenting substance. It is possible that the length criteria will not be reached.

Poor Quality

0-45%

37-1 points

The context and/or importance are lacking. There is no search history information supplied.

75-1 points

There has been an examination of relevant theoretical literature, but still no research concerning problem-related concepts has been synthesized. The review is just somewhat focused and organized. The provided overview of content does not include any supporting or opposing research. The conclusion has no scriptural references.

48-1 points

There is no logical or apparent organizational structure. There is no discernible logical sequence. The use of typeface, color, graphics, effects, and so on often detracts from the presenting substance. It is possible that the length criteria will not be reached.