Question: - Describe the basic concept of probability. - Explain the three definitional perspective of probability. - What is conditional probability? How is it used? -

- Describe the basic concept of probability. - Explain the three definitional perspective of probability. - What is conditional probability? How is it used? - Explain the multiplication law of probability. -What is the difference between a discrete and continuous random variable? Give an example of each. -What is probability distribution? What is it used for? -What is expected value? - What is variance? -What is the difference between normal and standard normal distributions? Give an example of each

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