Application: Airline Overbooking

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Skills You'll Learn

Bayes' Theorem, Normal Distribution, Probability, Conditional Probability

Reviews

4.8 (1,680 ratings)

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SP

Mar 22, 2023

It's a great course, loved the way Prof. Karl Schmedders explains things. However one area of improvement of this course is - the methods adopted in the exercises needed to be covered in the lectures.

MI

Aug 9, 2020

This course has made me fall in love with probability. Highly recommended for anyone who dislikes probability. You will end up loving probability later. Great instructor and quality lecture material.

From the lesson

Discrete Random Variables

In this module we move beyond probabilities and learn about important summary measures such as expected values, variances, and standard deviations. We also learn about the most popular discrete probability distribution, the binomial distribution.

Taught By

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    Karl Schmedders

    Professor of Quantitative Business Administration

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