Factorial

Binomial Probability Distribution: A Case Study of HotelsByUs Scenario An interactive survey for HotelsByUs asked respondents, “When travelling internationally, do you generally venture out on your own to experience the local culture, or stick with your tour group and itineraries?” The survey found that 23% of the respondents stick with their tour group. Question 1: […]

The manager of a real estate company hires an IMM graduate to do some market research. Research outcomes indicate that there is an average of 5 out of 10 houses sold within in a month after a client went to view the property. Question 1: What type of probability distribution applies to this scenario? Why