(Answered) Describe the fundamental probability concepts probability

Statistics

Describe the fundamental probability concepts: probability, experiment, sample space, event, exhaustive, and mutually exclusive. Provide an example.

Discuss how you will distinguish between discrete and continuous random variables?

Describe the probability distribution of a discrete random variable.

Describe the elements of a continuous random variable. What are the range of numerical values? Why is it important?

How would you use the standard normal table? What is the relevance of the z-score?

Continue to discuss conditional probability. Discuss the importance of the notation symbol " l".

How can you use normal distribution in business?

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