Ch 7: Probability and Statistics for Business: Help and Review

The Probability and Statistics for Business chapter of this Business Math Help and Review course is the simplest way to master probability and statistics for business. This chapter uses simple and fun videos that are about five minutes long, plus lesson quizzes and a chapter exam to ensure you learn the essentials of probability and statistics for business.

Who's it for?

Anyone who needs help understanding material from business math will benefit from taking this course. You will be able to grasp the subject matter faster, retain critical knowledge longer and earn better grades. You're in the right place if you:

• Have fallen behind in understanding how to calculate averages or find percentiles in a data set.
• Need an efficient way to learn probability and statistics for business.
• Learn best with engaging auditory and visual tools.
• Struggle with learning disabilities or learning differences, including autism and ADHD.
• Experience difficulty understanding your teachers.
• Missed class time and need to catch up.
• Can't access extra business learning resources at school.

How it works:

• Start at the beginning, or identify the topics that you need help with.
• Watch and learn from fun videos, reviewing as needed.
• Refer to the video transcripts to reinforce your learning.
• Test your understanding of each lesson with short quizzes.
• Submit questions to one of our instructors for personalized support if you need extra help.
• Verify you're ready by completing the Probability and Statistics for Business chapter exam.

Why it works:

• Study Efficiently: Skip what you know, review what you don't.
• Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
• Be Ready on Test Day: Use the Probability and Statistics for Business chapter exam to be prepared.
• Get Extra Support: Ask our subject-matter experts any relevant question. They're here to help!
• Study With Flexibility: Watch videos on any web-ready device.

Students will review:

In this chapter, you'll learn the answer to questions including:

• How do I calculate mean, median, mode and range?
• What is the importance of standard deviation?
• How do I find the probability of simple, compound and complementary events?
• How do I find the probability of independent and dependent events?
• How do I calculate statistical significance?
• How do I find expected value in a probability distribution table?
• What are the characteristics of normal distribution?
• How do I calculate weighted averages?
• How can I find percentiles in a data set?

16 Lessons in Chapter 7: Probability and Statistics for Business: Help and Review
Test your knowledge with a 30-question chapter practice test
Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

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