Describe the concepts of probability

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Your discussion should summarize the articles in such a way that it can justify any arguments you may present in your assignment and should be different from the abstract. In addition to your researched peer-reviewed article, you must include an example of the article researched as it is applied by industry (company, business entity, and so forth).

1. Define Statistics and the different types of statistics, as well as the associated terms such as variables, types of data, and so forth. Provide at least one example.

2. Define a Frequency Table and all of the associated terms. Provide at least one example.

3. Identify and describe the ways of displaying and exploring data. Provide at least one example.

4. Identify and describe the concepts of Probability. Give at least one example.

5. Research a company (or companies) that have used all of these concepts, and present how they were able to make strategic business decisions.

Reference no: EM133119235

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