Chapter Goals After completing this chapter,you should be able to: Interpret the mean and standard deviation for a discrete probability distribution ■ Explain covariance and its application in finance Use the binomial probability distribution to find probabilities Describe when to apply the binomial distribution Discuss the Hypergeometric distribution Review the Poisson distribution Chap 5-2 Tongji University School of Economics&Management Statistics for Managers Using Microsoft Excel Statistics for Managers Using Microsoft Excel Chap 5-2 Tongji University School of Economics & Management Chapter Goals After completing this chapter, you should be able to: ▪ Interpret the mean and standard deviation for a discrete probability distribution ▪ Explain covariance and its application in finance ▪ Use the binomial probability distribution to find probabilities ▪ Describe when to apply the binomial distribution ▪ Discuss the Hypergeometric distribution ▪ Review the Poisson distribution