Solution-Explain the rationale and limitations for the

Explain the rationale and limitations for the application

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Reference no: EM13504102

The marketing department likes to know patterns about the consumers who call the 1-800 phone bank with questions/problems.

You meet with them to discuss the matter. Using the Discussion Board, suggest at least 3 quantitative objects that you should keep track about each caller and/or their behavior with respect to the snack food category and indicate if each variable is continuous or discrete (refer to the Question and Answer Resource for this week for the definition of continuous and discrete variables). Post your list on the Discussion Board. Read the other postings and respond to anyone who listed variables similar to yours by saying which variable you prefer and why.

•Apply the various discrete and continuous probability distributions, which are appropriate in business circumstances.

•Explain the rationale and limitations for the application of the Normal Distribution as an approximation for other types of probability distributions

Reference no: EM13504102

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Explain the rationale and limitations for the application

Reference no: EM13504102

Reference no: EM13504102

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