Question: Fill in the blank. For a discrete random variable, the sum of the probabilities of its possible values equals ______________.

Fill in the blank. For a discrete random variable, the sum of the probabilities of its possible values equals ______________.

Step by Step Solution

★★★★★

3.31 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Fill in the blank For ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

1310-B-B-C-I-B(1871).docx

120 KBs Word File

Students Have Also Explored These Related Business Communication Questions!

Q:

Fill in the blanks. a. A is a quantitative variable whose value depends on chance. b. A discrete random variable is a random variable whose possible values .

Q:

Fill in the blank with the name of the ratio that would be used for each of the following situations. Ratio Measures the ability of the company to __________ Meet its interest and principal payments...

Q:

Fill in the blank spaces with categories 1 through 7: 1. Balance sheet (BS) 2. Income statement (IS) 3. Current assets (CA) 4. Fixed assets (FA) 5. Current liabilities (CL) 6. Long-term liabilities...

Q:

D. It is need to know? This module was created and written with you in mind on how to illustrate the mean and variance of a discrete random variable. This will also help you analyze real-life...

Q:

Choose the letter of the best answer. 6. Which of the following statement is TRUE? A. A small value of standard deviation (or variance) indicates that the distribution of the random variable is...

Q:

Multiple choice questions: 1. For the probability distribution of a discrete random variable, the probability of any single value of x is always a. in the range 0 to 1 b. 1.0 c. less than zero 2. For...

Q:

4. For the probability distribution of a discrete random variable, the sum of the probabilities of all possible values of x is always a. greater than 1 b. 1.0 c. less than 1.0

Q:

The Basics of Financial Mathematics Spring 2003 Richard F. Bass Department of Mathematics University of Connecticut c These notes are 2003 by Richard Bass. They may be used for personal use or class...

Q:

Help me answer all of the following activities, follow the pages for easy format thank you Activity 1. Find Me! Directions: Find the probability of the following events. 1. Getting an even number in...

Q:

5. Number of times the first card is face card and the second card is not a face cardTwo balls are picked in succession without replacement 4 white balls and. 5 green balls. Let Y be the random...

Q:

Ayayai Book Warehouse Ltd. distributes hardcover books to retail stores. At the end of May, Ayayais inventory consists of 270 books purchased at $19 each. Ayayai uses a perpetual inventory system....

Q:

The Bartholomew Company's profit is related in the following way to its output: = 40 + 20Q 3Q2, where is total profit and Q is output. a. If the firm's output equals 8, what is its marginal...

Q:

9. What is a linear decision rule? Why is it so called? List its advantages and limitations.

Q:

1.8. a. Consider a typical monopoly firm like that in Figure 13.3. If a monopolist finds a way to cut marginal costs, what will happen: Will it pass along some of the savings to the consumer in the...

Q:

Compare a municipal bond with a tax-deferred annuity. When would one be more attractive than the other?

Q:

Why perform tax planning?

Q:

Which is the most appropriate tax bracket to use in making investment decisions: marginal or average tax bracket? Why?

Q:

The table shows the values found in the error analysis. What method of forecasting would be best to use? What is the forecasted value? MSE forecast for week 13 Time Series 1.08 14.76 3-week MA 3.04...

Q:

Nominal and real rates and yield curves A firm wishing to evaluate interest rate behavior has gathered data on the nominal rate of interest and on inflationary expectations for five U.S. Treasury...

Q:

A textbook publisher is conducting a survey of current elementary statistics textbooks. They find that 80% of textbooks devote a section to a topic known as Bayes' Rule, and 40% include a detailed...