INCLUDE REFERENCES IN APA STYLE. Length is not important bu

INCLUDE REFERENCES IN APA STYLE. Length is not important, but there must be evidence that you have actually thought about the question. PLEASE PLEASE PLEASE READ THE QUESTION THOROUGHLY. LAST WEEK IT TOOK 5 ATTEMPTS TO GET THE ANSWER SEMI-RIGHT. IF YOU DONT UNDERSTAND SOMETHING DO NOT WAIT UNTIL THE LAST MINUTE TO LET ME KNOW.INDICATE, BY NUMBER, WHICH QUESTION YOU ARE RESPONDING TO WHEN MAKING YOUR POSTS.DQ 1Most business decisions involve elements of uncertainty and randomness. The notion of probability is used everywhere, both in business and in our daily lives.Explain the concept of probability by applying a specific application example of probability in business.Discuss the economic implications of your observations.DQ 2Sampling is the foundation of statistical analysis. The first step in sampling is to design an effective sampling plan that will yield representative samples of the population under study.Apply an example of a sampling survey for one or more industries, and briefly discuss how the expected sampling results could affect the industry/firm’s pricing strategies.

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