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BUSN 105 Counting Techniques and Introduction to Probability

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BUSN 105 Counting Techniques and Introduction to Probability

Counting Techniques and Introduction to Probability

Use the AIU Library or the Internet to research and find a situation where probabilities might be useful in daily life or in your chosen career. Complete the following:

  1. Explain in detail how probabilities are used in the situation you chose.
  2. What makes probabilities useful in this situation? Do these probabilities affect decision making in this situation? Explain your answer.
  3. Give a specific example of how probabilities are used in this situation.
  4. How are probabilities important to decision making in this situation? If they are not, then discuss why not.
  5. Choose a lottery game that you are familiar with, and find the odds and probabilities of winning that lottery game. Show exactly how these odds and probabilities are calculated. Discuss your findings as they relate to the possibility of winning.
  6. What is the difference between the probability given in a weather forecast and the probability of getting three heads in a row when flipping a coin?

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Project Criteria Exceeds
90% – 100%
Very good
80% – 89%
Meets
70%-79%
Needs Improvement Below 70%
Content
40%
Response covers all topics indicated in the assignment and adds additional content. The writing was of collegiate level with no errors in spelling or grammar. Response covers most topics indicated in the assignment. The writing was of collegiate level with one or less errors in spelling or grammar. Response covers many topics indicated in the assignment. The writing was of collegiate level with two or less errors in spelling or grammar. Response covers none to some of the topics indicated in the assignment. The writing was less than collegiate level with errors in spelling or grammar.
Interaction
40%
Multiple learner interactions per week that add to the discussion. Responses show evidence of critical analysis with questions to other classmates. At least three learner interactions per week that add to the discussion. Responses show evidence of critical analysis. No less than two learner interactions per week that add to the discussion. Responses show evidence of critical analysis. Zero to one learner interaction per week in the discussion board. Response lacks evidence of critical analysis.
Supporting Analysis
20%
Analysis exceeded minimum requirements. Appropriate sources were used to support analysis and were properly referenced Basic analysis provided to support discussion. When appropriate to support discussion, appropriate sources were cited and properly referenced Some limited analysis provided to support discussion. When appropriate to support discussion, sources were cited, appropriate, and properly referenced No or inaccurate analysis, no sources were cited when needed, analysis and/or sources were not appropriate. When sources used, were not properly referenced