BUAL 2600 Exam 2 Gupta Questions and Answers 2024/2025
0 view 0 purchase
Course
BUAL 2600
Institution
BUAL 2600
A ________ is a measure of the chance that an uncertain event will occur.
probability
The ________ of two events X and Y is another event that consists of the
sample space outcomes belonging to either event X or event Y or both
events X and Y.
union
P(AUB) = P(A) + P(B) − P(A∩B) repre...
A(n) ________ probability is a probability assessment that is based on
experience, intuitive judgment, or expertise.
✓ subjective
Probabilities must be assigned to sample space outcomes so that the
probability assigned to each sample space outcome must be between
________, inclusive.
✓ 0 and 1
Which of the following is a valid probability value for a discrete random
variable?
✓ .2
The variable Employment Status, which can take either the value 1 for
Employed or 0 for Unemployed, is an example of a ________ random variable.
✓ √npq.
A discrete variable that can often be used to describe the number of
occurrences of an event over a specified interval of time or space is a
________ random variable.
Master01 | September, 2024/2025 | Latest update
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MASTER01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
