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OMIS 40 Final Exam with complete solutions
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OMIS 40 Final Exam with complete solutions
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OMIS 40 Final Examrepresents a possible numerical value from an uncertain event - correct answer ✔✔random variable
produces outcomes from a counting process - correct answer ✔✔discrete random variable
produces outcomes that come from a continuous measurement - correct answer ✔✔continuous random
variable
Binomial distribution tends to be more symmetric as p approaches - correct answer ✔✔0.5
the distribution for the number of emergency calls to a city's 911 number in a one-hour time period is
likely to be described by - correct answer ✔✔Poisson
If a study is set up in such a way that a sample of people is surveyed to determine whether they have
ever used a particular product, the likely probability distribution that would describe the random
variable "the number who say yes" is a - correct answer ✔✔Binomial distribution
The shape of the uniform probability distribution is - correct answer ✔✔rectangular
the continuous probability used most often for economics and business applications is the - correct
answer ✔✔normal probability distribution
a function of continuous random variables which allows for graphical interpretations of their probability
structure - correct answer ✔✔probability distribution
the size of _______ that comes from a random sample depends on both the variation in the population
and the size of the sample being selected - correct answer ✔✔sampling error
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