Question: Textbook: Statistics by Robert S. Witte & John S. Witte (Wiley 2017) Discuss the importance of understanding probability distributions in business decision-making. Be sure to

Textbook: Statistics by Robert S. Witte & John S. Witte (Wiley 2017)

Discuss the importance of understanding probability distributions in business decision-making. Be sure to think in terms of how a company might benefit from knowing about different probability distributions.

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Be sure to properly cite 2 scholarly sources in the text.

Textbook can be a source also

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