Stats Discussion
Need 250 words initial post and two replies of 75 words each. i will post the replies later.
Write a minimum of 250 words for each of the discussion questions below:
Select a discrete probability distribution and present a real-life application of that distribution. Interpret the expected value and the standard deviation of your selected distribution within the context of the real-life example that you have selected, and describe how these values can be used by enterprise decision-makers.
Select a continuous probability distribution and present a real-life application of that distribution. Interpret the expected value and the standard deviation of your selected distribution within the context of the real-life example that you have selected, and describe how these values can be used by enterprise decision-makers.
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In your two replies to classmates, comment on their choices of probability distributions, and provide additional examples of applications of the probability distributions that they have selected.
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