Editor’s note: This week we welcome guest contributor Ryan Helm to introduce a critical historical lesson in the importance of robust quantitative analysis to operational planning.
Great analysis. The Binomial distribution has scary maths to non mathsy people, but Excel and Google sheets etc has the function plumbed in, so it's just a question of entering probability of success and number of trials in, and the function does the rest.
Great analysis. The Binomial distribution has scary maths to non mathsy people, but Excel and Google sheets etc has the function plumbed in, so it's just a question of entering probability of success and number of trials in, and the function does the rest.