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For Scott... I have no idea...

For Scott...

I have no idea how to even approach this... Any thoughts... ANY AT ALL!!! I can understand some of the math but have no idea how to write about it...

• Research statistical data in a business context that requires a decision. Use probability concepts to formulate a decision.

• Write a 700- to 1,050-word paper, explaining your research methods and process for limiting the uncertainty in the decision.

• Address the following in your paper:

o Include how you applied concepts to formulate your decision

o Include appropriate probability concepts and your application to find resulting data to limit uncertainty in this decision.

o Identify each outcome from your statistical analysis, providing a rationale for each.

o Identify tradeoffs between accuracy and precision required by various probability concepts and the effect on your data.

o Include the decision you made based on statistical data.

Please any help will be Greatly Appreciated !!!!!!!

I have no idea how to even approach this... Any thoughts... ANY AT ALL!!! I can understand some of the math but have no idea how to write about it...

• Research statistical data in a business context that requires a decision. Use probability concepts to formulate a decision.

• Write a 700- to 1,050-word paper, explaining your research methods and process for limiting the uncertainty in the decision.

• Address the following in your paper:

o Include how you applied concepts to formulate your decision

o Include appropriate probability concepts and your application to find resulting data to limit uncertainty in this decision.

o Identify each outcome from your statistical analysis, providing a rationale for each.

o Identify tradeoffs between accuracy and precision required by various probability concepts and the effect on your data.

o Include the decision you made based on statistical data.

Please any help will be Greatly Appreciated !!!!!!!

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