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Probability - research problem

What is an example of a research problem at your organization that would benefit from the use of either descriptive statistics or probability distribution statistics? Explain.

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I work for a jewelry manufacturer and stone breakage is a big part of our costs. We spend more than $1M every year because of broken stones. One research problem that can benefit from either descriptive ...

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The solution provides an excellent response to the question being asked. It goes into a considerable amount of detail and explains the concepts being asked very well.

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