Discuss the application of probability decisions making data


Assignment:

The Final Paper provides you with an opportunity to integrate and reflect on what you have learned during the class. During the course, you have applied a variety of methods to analyze data sets and uncover important information used in decision making. Having a good understanding of these topics is important to be able to apply them in reallife applications. Below are some of the key elements that were discussed throughout this course. Analyze each of the elements below. In your analyzation, consider and discuss the application of each of these course elements in analyzing and making decisions about data. Incorporate real-life applications and scenarios.

The course elements include:

• Probability

• Distribution

• Uncertainty

• Sampling

• Statistical Inference

• Regression Analysis

• Time Series

• Forecasting Methods

• Optimization

• Decision Tree Modeling

The paper must (a) apply and reference new learning to each of the ten course elements, (b) build upon class activities or incidents that facilitated learning and understanding, and (c) present specific current and/or future applications and relevance to the workplace for each of the ten course elements. The emphasis of the paper should be on modeling applications, outcomes, and new learning.

The paper

• Must be 2000 to 2500 words (excluding title page and references page), double-spaced, and formatted according to APA style as outlined in the Ashford Writing Center (https://awc.ashford.edu/cd-apachecklist.html).

• Must document all sources in APA style as outlined in the Ashford Writing Center.

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Microeconomics: Discuss the application of probability decisions making data
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