Estimate the probability distribution

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Reference no: EM131805330

Question: Choose a discrete random quantity (taking on from 3 to 10 different values) that you might deal with in your current or future work as an executive. Estimate (ie, guess) the probability distribution. Compute the mean and standard deviation. Identify two events of interest to you relating to this random variable and compute their probabilities. Briefly discuss what you have learned.

Reference no: EM131805330

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