Research statistical data in a business context that requires a decision. Use probability concepts to formulate a decision. The business decision: Is it profitable for a student over 35 to pursue a MBA degree? This can be tweaked.
Write an 800 – 900 word paper explaining your research methods and process for limiting the uncertainty in the decision.
Address the following in your paper:
• Include how you applied concepts to formulate your decision. (Probability concepts)
• Include appropriate probability concepts and your application to find resulting data to limit uncertainty in this decision.
• Identify each outcome from your statistical analysis, providing rationale for each.
• Identify tradeoffs between accuracy and precision required by various probability concepts and the effect on your data.
• Include the decision you made based on statistical data. Format your paper consistent with APA guidelines.

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