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How companies use probability?

Anonymous

∙ 10y ago

Updated: 4/28/2022

Companies use probability in many different ways. For example, they may use it for quality control, or for risk analysis.

Wiki User

∙ 10y ago

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Continue Learning about Statistics

When do you use poisson probability?

When you have independent events which have a constant probability of occurrence over an interval of space or time.

How do medical records and health information technicians use probability in their job?

Medical records and health information technicians use probability in their jobs when calculating the number of charts to audit.

Why are repeated trials important?

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Why did Mendel study such a large sample of pea plants to determine the probability of inheritance?

The more samples you use, the closer your results will match probability.

What does it mean to find the compliment of the probability of an event?

The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.The complement (not compliment) of the probability of event A is 1 minus the probability of A: that is, it is the probability of A not happening or "not-A" happening.

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