Question
Your new staff that you are currently supervising in the business intelligence division of your organization have come to you confused about probability distribution and
Your new staff that you are currently supervising in the business intelligence division of your organization have come to you confused about probability distribution and statistics. Since one of their projects this week entails these analyst to understand this topic, you have decided to create a paragraph or two to summarize what they need to understand. First, you will describe Venn diagram and its purpose. Then, you will discuss Bayes' Theorem and why it is important for them to understand the theorem. You will also want to explain how Bayes' Theorem is utilized in business analytics. You will also want to explain the definition of normal distribution and its importance. Finally, you describe some chart examples created from RStudio (from the textbook) in order to explain these charts importance within the business environment. With this summary, your staff should feel comfortable with moving forward to the project this week.
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