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Seminar 3 Critical Thinking Pointers

# Seminar 3 Critical Thinking Pointers - The following are...

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The following are examples of probability distributions that students in previous classes have provided for this assignment, to help get you started. Notice how the probabilities add up to 1 for the examples. Here are the examples to help get your head into the second part of the CT assignment: Example 1: I am an Avon sales representative. If I wanted to see the number of products ordered by my clients, I would use the following probability distribution table. X= the number of products ordered by a single customer. The table below is a probability distribution because it gives the probability for each value of the random variable X. This probability table would help in making a decision by showing just how many products are being bought at once and if I need to increase my marketing techniques to sell more products. Products X P (X) 0 0.23 1 0.24 2 0.06 3 0.28 4 0.19 Example 2: I am trying to decide which orthodontist to take my son to and since I don’t know any in this area, I have asked friends and family members about their experiences with orthodontists. From the 14

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Seminar 3 Critical Thinking Pointers - The following are...

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