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QUESTION 1 Probability Show all calculations/reasoning Guide to marks: 18 marks - 4 for (a), 5 for (b), 6 for (c), 3 for (d) (a) Define what is meant by a probability distribution. What is the difference between a discrete probability distribution and a continuous probability distribution? Give an example of your own for each type of distribution. (b) Consider the following record of daily sales of a baker’s top selling loaf of bread over the last 100 days: NUMBER SOLD NUMBER OF DAYS 0 5 1 ...

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Tags: Australia Saint Kilda Management e-business fundamentals University of New South Wales Management 


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