Quantitative Methods and Analysis db unit 2

At a minimum, each student will be expected to post an original and thoughtful response to the DB question and contribute to the weekly dialogue by responding to at least two other posts from students. The first contribution must be posted before midnight (Central Time) on Wednesday of each week. Two additional responses are required after Wednesday of each week. Students are highly encouraged to engage on the Discussion Board early and often, as that is the primary way the university tracks class attendance and participation.

The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in two-way dialogue after a conversation has ended, no posts to the DB will be accepted after the end of each unit.

The Concept of Probability

MAIN DISCUSSION POST:

• 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.