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APA
Subject:
Business & Marketing
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Coursework
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English (U.S.)
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Coursework 1.4.a. Business & Marketing Coursework.

Coursework Instructions:

Question 1
What would be a business example if you would want to find the probability distribution of a discrete random variable? What would be a good example if finding a continuous random variable probability distribution is a better choice?
one or two sources sited using APA-formatted citations and matching reference lists.

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The probability distribution of a discrete random variable is a large list of probabilities that are linked with different possible values. It is also regarded as the probability mass function or the probability function (Mariappan, 2019). One of its best examples is as follows.
Let’s suppose that a variable X is able to take one of these values.
5, 6, 7 or 8
The possibilities associated with these values are outcomes are given below.
Outcome 5678
Probability0.50.60.70.8
We must remember that the probability that X is equal to 6 or 7 is the total of two probabilities. These are as follows.
P(X = 6 or X = 7) = P(X = 6) + P(X = 7) = 0.6 + 0.7 = 0.13.
In the same way, the probability that x is g...
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