Identifty s for increasing income from the data, and changes in nightly special

Question

Identifty s for increasing income from the data, and changes in nightly special and/or entertainment in an ef assignment consistent with APA guidelines. eftiort to beat sales Submit your assignment in a Microsofte Worde document by clicking the Add s 44 Week 3 Read Ch. 5 of Elementary Statistices. Watch the video, Discrete and continuous random variables: Defining discrete and variables. Working through examples of both discrete and continuous random variables,from Khan Acade Explore the Binomial Distribution website from Khan Academy Discussion Question 1 How would you use the binomial distribution in making a business decision during a normal day of work i career of your choice? nance TndastiU Discussion Question 2 Identify three discrete variables that appear in your current or future career. How do those variables af workplace, your product, or your personnel? How would changes in those variables affect these thing

Explanation / Answer

Discussion Question 1. If your career of choice is Finance Industry and let's say you want to develop a probabilistic model to price a set of stocks in the portfolio. For eg, if the current time is T=0, then at T=1 year, let's assume that each stock can either move up by 10% or go down by 10% with the probabilities of both, up and down move are 50%. A binomial distribution would be perfect way to model this problem and find out the expected profit.

Discussion Question 2. Examples of 3 discrete variables include:

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