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Quantative Analysis

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Unit 2 Probability and Distributions

ABSTRACT
In this email I will discuss different probabilities and distributions. I will also explain statistics and the different things that can be found on a distribution chart.

Memo: Probability and Distributions To: American Intellectual Union From: Date: January 19, 2014 Subject: Overview of Database Dear Sir or Madam, This email will consist of the overview of a data set, how statistics and probability are used in the real world and the many different types of variables. There will also be information on the distribution chart that will be given. The variables on the data set are gender, age, department, position, tenure with company, job satisfaction, intrinsic, extrinsic, and benefits. The qualitative variables consist of gender, department, and position. The quantitative variables consist of age and the tenure with the company. Statistics and probability are used every day. They are used in sports, for weather forecasts, people that play the lottery and scientists also use them to find treasure in the bottom of the ocean. It is really amazing how much statistics and probability are used in the real world. They are used for the simplest things like testing new medications, what percentage of people will recover from certain surgery and also to decide on which vehicle is the best one to buy. Statistics is what keeps an organization going. When a person does the things in their job description, it helps the organization to be successful. For example, a man or woman that answers the phone helps people get the information they need, but if they can’t help the

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