Quantitative Methods and Analysis

Discussion Board

 

Paragraph 1: Based on your experience thus far in this class, what is the probability that you will receive an “A” grade? Explain the factors you have used in arriving at this probability assessment.

• Paragraph 2: Do you believe that all students in your class will arrive at the same probability assessment that you have? Why or why not?
• Paragraph 3: Explain what is meant by subjective probability. Research the Internet, and provide a business-related example in which subjective probability assessment would likely be used (be sure to cite your sources).
• Paragraph 4: Provide an example of when you have personally used subjective probability assessment or how you might use it in the future.

Please do not use quotes or copy definitions. You will not receive credit for understanding the materials if you use the words of others. Keep in mind that since you did research and you have citations in the body of the post, you must also place a reference list at the end containing the textbook and the articles cited.

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1. Begin your e-mail to AIU by first providing an overview of the database, that is, a story about the characteristics that may include types of variables, etc.
2. Be sure to include information about where statistics are being used in the workplace.
3. Explain the value of statistics and its contribution to the success of an organization.

• Then, discuss the following in your e-mail:What is the distribution of individuals by gender?
• What is the “tenure with company” distribution by gender?
• What percentage of the survey participants are in each department?
• What is the sample mean for extrinsic value by gender?
• What is the probability that an individual will be between 16–21 years of age?
• What is the probability that an individual’s overall job satisfaction is 5.2 or lower?
• What is the probability that an individual will be a female in the human resources department?
• What is the probability that an individual will be a salaried employee whose intrinsic satisfaction value is 5 or more?

1. RESEARCH REQUIRED:  Be sure to include other ways that probability is used in business specifically how it contributes to the success of an organization. Feel free to use the Business Source Premier Database in the Library as a resource to research.

The e-mail should be well written and should flow well. It should comprise the body of a report that contains no grammatical errors. The report should include proper citation in APA formatting in both the in-text and reference pages and include a title page, be double-spaced and in Times New Roman 12-point font. APA formatting is necessary to ensure academic honesty.