Do probability distributions measure what did happen or what will probably happen? How do we use probability

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Do probability distributions measure what did happen or what will probably happen? How do we use probability distributions to make decisions? Give an example of how you could use a probability distribution to make a decision. Explain clearly what decision you are trying to make. Describe specifically what the probability distribution is describing and what data you will be comparing to that distribution.


Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Organizational Behaviour Concepts Controversies Applications

ISBN: 978-0132310314

6th Canadian Edition

Authors: Nancy Langton, Stephen P. Robbins, Timothy A. Judge, Katherine Breward

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