All of the following statements are TRUE regarding probability distribution EXCEPT:
A)Small businesses tend to experience more volatility than large organizations and can therefore benefit greatly from using probability distributions to estimate future outcomes and events.
B)The normal distribution has wide applications in business.
C)Excel offers many probability distribution functions with wide applications across many different industries of business, science, engineering, and mathematics.
D)A normal distribution is one of the least used distributions in statistics.

Question

Quizplus · Accepted Answer

A normal distribution is one of the most commonly used distributions in statistics, and is often preferred due to its simplicity and familiarity. Therefore, the statement that it is one of the least used distributions is not true.

All of the Following Statements Are TRUE Regarding Probability Distribution