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Click on any of the term papers to read a brief synopsis of the research paper. The essay synopsis includes the number of pages and sources cited in the paper.
This 4 page paper looks at the way uncertainty can be dealt with in business by using statistics and probability. The paper presents as example of a shop that needs to determine how much stock to purchase where there are different influences that can be measured with statistics and probability. The bibliography cites 1 source.
This is an 8 page paper that provides an overview of probability and statistics. Concepts like mean, standard deviation, and probability are explored. Bibliography lists 0 sources.
This 3 page paper examines a probability cases presented by the student. A couple are convicted of a crime based on their description and the statistical probability of the couple being a 1 in 12 million chance, calculated with independent variables. The paper looks at how and why the conviction may have been overturned at appeal, considering the way the probability was calculated and the way that probabilities were determined in the first place.
8 pages of statistics problems solutions. Questions address union, intersection, random selection, Bayes' theorem and total probability. Bibliography lists 2 sources.
A 7 page paper discussing how the use of statistics and probability can be applied in making business decisions that affect the bottom line. The example used is a chemical manufacturer (Carstab) that produces a product needed by many customers but needed by one in higher grade. Most of the lots of product that Carstab makes is acceptable to this single customer, but nearly half are not. Carstab develops a pretest resulting in indicating that 90% of what the company sends the customer will be acceptable. The paper discusses this scenario, along with a "what if" discussion of a different set of probability values. Bibliography lists 8 sources.