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MSIS 3223 - Exam 2 (Chapters 5-9).pdf $7.99   Add to cart

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MSIS 3223 - Exam 2 (Chapters 5-9).pdf

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MSIS 3223 - Exam 2 (Chapters 5-9).pdf

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  • November 2, 2024
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  • 2024/2025
  • Exam (elaborations)
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MSIS 3223 - Exam 2 (Chapters 5-9)

T/F: Probability is the likelihood that an outcome occurs. - correct answer True.


T/F: The union of two events contains all outcomes that belong to either the two
events. - correct answer True.


T/F: Conditional probability is the probability of occurrence of one event 'A' given
that another event 'B' is known to be true or has already occurred. - correct
answer True.


T/F: A probability distribution is the characterization of the possible values that a
random variable may assume along with the probability of assuming these
values. - correct answer True.


T/F: A random variable is a numerical description of the outcome of an
experiment. - correct answer True.


T/F: The expected value of a random variable corresponds to the notion of the
median for a sample. - correct answer False.


T/F: The normal distribution is a continuous distribution that is described by the
familiar bell-shaped curve and is perhaps the most important distribution used in
statistics. - correct answer True.


T/F: The triangular distribution is defined by the three parameters: the mean,
median, and mode. - correct answer False.


T/F: Higher variance implies low uncertainty. - correct answer False.

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