Which of the following is NOT a feature of a probability distribution?
A) a value of 0 for an event denotes a nil likelihood of occurrence
B) a value of 1 for an event signifies absolute certainty
C) the total of the probabilities for all possible events listed in the distribution can vary
D) a probability distribution attempts to provide a list of all possible outcomes
Correct Answer:
Verified
Q2: Which of the following statements is untrue
Q3: The decision rule under the maximin criterion
Q4: The maximum amount that is worth paying
Q5: Which of the following assumptions apply when
Q6: The following represent a tutor's estimate of
Q7: The most likely outcome represents:
A)the expected value.
B)the
Q8: Which of the following is NOT a
Q9: In a decision tree the boxes refer
Q10: The expected value represents:
A)the weighted average of
Q11: The joint probability of two events occurring
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