Describe the fundamental probability concepts: probability, experiment, sample space, event, exhaustive, and mutually exclusive. Provide an example.
Discuss how you will distinguish between discrete and continuous random variables?
Describe the probability distribution of a discrete random variable.
Describe the elements of a continuous random variable. What are the range of numerical values? Why is it important?
How would you use the standard normal table? What is the relevance of the z-score?
Continue to discuss conditional probability. Discuss the importance of the notation symbol " l".
How can you use normal distribution in business?