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Do probability distributions measure what did happen or what will probably happen? How do
we use probability distributions to make decisions?
Solution
probability distributions measure both what did happen and what will probably
happen Probability distributions get used to make decisions typically you would define two or
more possible outcomes, calculate the probability of each outcome, and make your decisions
based on the results you get.

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Do probability distributions measure what did happen or what will pr.pdf

  • 1. Do probability distributions measure what did happen or what will probably happen? How do we use probability distributions to make decisions? Solution probability distributions measure both what did happen and what will probably happen Probability distributions get used to make decisions typically you would define two or more possible outcomes, calculate the probability of each outcome, and make your decisions based on the results you get.