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LECTURE 4PROBABILITY II Reading: Ch 5.1 – 5.3BUSN1009Quantitative Methods
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2Today’s lectureDiscrete probability distributions Ch 5.1 & 5.2Mean (expected value) and Standard deviationTwo discrete random variables (X & Y) Covariance between X and YMean and standard deviation of (X±Y)Binomial distribution Ch 5.3Probability calculationsMean and standard deviation