Question: Explain what your Discrete Random Variable is and what probability distribution can be used to describe it. Give some examples and interpretation of the usage

Explain what your Discrete Random Variable is and what probability distribution can be used to describe it. Give some examples and interpretation of the usage of the probability distribution function and outline its business relevance. Discrete Random Variable: - Binomial 0 Poisson 0 Hypergeometric

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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

Students Have Also Explored These Related Mathematics Questions!

GIVE TYPED WRITING SO I CAN UNDERSTAND CLEARLY. IF HANDWRITING,MAKE SURE THEY ARE VERY CLEAR,NEAT AND ORGANISED.DO NOT GIVE CLUMSY WORKING AND WRITING. IF YOU CANNOT TYPE,PLEASE PROVIDE NEAT AND...

3 What I Need to Know This module was designed and written with you in mind. It is here to help you understand why we need to find the mean and variance of a discrete random variable and how to...

I. 1. How do you describe a discrete random variable? 2. How do you describe a continuous random variable? 3. Give three examples of discrete random variable. 4. Give three examples of continuous...

Direction: Write your answer on a separate sheet of paper. Answer the following in 2-3 sentences only. 1. How do you describe a discrete random variable? 2. How do you describe a continuous random...

In the picture. What I Have Learned Direction: Write your answer on a separate sheet of paper. Answer the following in 2-3 sentences only. 1. How do you describe a discrete random variable? 2. How do...

5.Fill in the blank to complete the uniform distribution that is described. A uniform distribution's density curve is defined by the horizontal line y = 0.25 starting at x = -2 and ending at x = ___....

1. Suppose the dealer incentive per vehicle for Honda's Acura brand in 2012 is thought to be bell-shaped and symmetrical with a mean of $2,500 and a standard deviation of $300. Based in this...

STAT 200 Final Examination Summer 2016 OL1/US1 Page 1 of 9 STAT 200 Introduction to Statistics Name______________________________ Final Examination: Summer 2016 OL1/US1 Instructor...

STAT 200: Introduction to Statistics Final Examination, Summer 2016 OL3/US2 Page 1 of 8 STAT 200 OL3/US2 Sections Final Exam Summer 2016 The final exam will be posted at 12:01 am on August 5, and it...

During a 73-year period, tornadoes killed about 0.28 people per day in the United States. Assume this rate holds true today and is constant throughout the year. Find the probability that the number...

Use the curved-arrow notation to write the reaction that would take place between dimethylamine (CH3)2NH and boron trifluoride. Identify the Lewis acid, Lewis base, nucleophile, and electrophile and...

Kley Corporation had these transactions during 2 0 2 2 . Indicate whether esth tremaction is an operating activity investing activity, financing activing or noncashinesting and financing: activity. (...

Which of the following is not a type of operating asset ? MULTIPLE CHOICE A. Intangibles B. Receivables C. Land D. Inventory