- What is the difference between the Relative FrequencyApproximation of Probability and the Classical Approach toProbability? What happens when a procedure is repeated again andagain?

- The probability of a certain event can't be greater than 1 orless than zero. Why not?

- What is a compound event? Describe the difference between P(Aor B) and P(A and B)?

- What is a complementary event? What is the sum of theprobability of A and the probability of the complement of A?

- What is a random variable and what is a probabilitydistribution? Describe the difference between continuous randomvariables and discrete random variables? Provide an example ofeach.

- What are the main parameters of a probability distribution?

- How we can use the mean and the standard deviation tocalculate the maximum and minimum significant values?

- Recall the definition of a complementary event, and explainyour understanding of a binomial probability distribution.

- What is the formula used to calculate the probability of asingle event in binomial probability distribution?

- For binomial distributions, there are 3 very simple formulasused to calculate the mean, variance and standard deviation. Listthese 3 formulas.

Directions: Once the forum opens on Day 1, youare required to “Start a New Thread” by Day 3. Initial post shouldbe 200-300 words, not counting citations. Remember to cite yoursources properly. Label your post with a provocative/descriptivetitle that invites your