Exam (elaborations)
OMIS 40 Final Exam with complete solutions
- Course
- Institution
OMIS 40 Final Exam with complete solutions
[Show more]
Content preview
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
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 BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78310 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now