PLEASE USE RULES OF ADDITION OF PROBABILITY

/MDPART 1: Create a context: Introduce a real-world businesssituation or an imagined business scenario that may benefit fromthe theories and methods presented in the prior two weeks (Weeks 3and 4 - see the objective stated in bold above). While creating thecontext, ask yourself: What business use cases may benefit from thequantitative methods offered last week and this week? Pick one. Youcan use Google or other search tools, or your own workplaceexperience, to create the context. Once you decide on the context,describe it clearly in your PPT presentation. Be sure to deliverall relevant information for the audience (in this case yourinstructor) to help him/her understand the context fully.

Part 2: Show with examples how the quantitative methodologyintroduced in the prior two weeks relate to the business use caseyou introduced. (e.g., does the math/methodology help to resolve abusiness problem?) Be specific in your description of how you canuse the quantitative information in connection with the businesscase (your context) you described. Give examples. Use technicalterminology when necessary.

Part 3: Reflect on your learning by answering these questions:What changes have you observed in your own learning or knowledge ofmath/quantitative methods as a result of the topics introduced inWeeks 3 and 4 of this course? What did you find most valuable oruseful for your MBA education and/or your current/future career.(As you articulate your thoughts for

Part 3, be original: Do not repeat the business context orsituation you described in Parts 1 and 2. Think beyond thatcontext