Thursday, April 16, 2015: 3:30 PM-4:30 PM
107 A (BCEC)
Lead Speaker:
Kenneth R. Chelst
Co-Speaker:
Angela Principato
Many decision-making contexts involve uncertainty about some aspect of the decision. Often a probability distribution can be used to model this uncertainty. Participants will learn how to use the binomial or geometric distributions as well as simulation to make real-world decisions that involve choosing a proper balance of risk and reward.
Presentation Format: 9-12 Session