Econ 212 Test 2

If a=34 is t he lower limit of a uniform probability distributio?n possible x values, while the distribution's height equals .0125 in the ab range, the value of the distribution's upper limit

is b=114

A random variable that has an equal chance of assuming any value within a specified range along a continuous scale is called

a uniform random variable

Continous random variables that can assume values at all points on a scale of values, with no breaks between possible values, are quite common. Examples include all but which of the following?

The number of milk bottles on a shelf

Which one of the following statements is correct?

The random experiment of tossing a single coin once contains 2 simple events

Any quantitative variable the numerical value of which is determined by a random experiment, and thus by chance, is called.

a random variable

Normal distribution tables for cumulative relative frequencies often show

Either A or B

The obersavations about variables encountered in discrete probability distributions are

invariably countable and typically finite

A sequence of n identical trials of a random experiment such that each trial produces one of two possible complementary outcomes that are conventionally called success and failure and is independent of any other trial so that the probability of success or

is called the Bernoulli process

Which of the following best describes a cumulative probability distribution?

It is a probability distribution that shows, for each of a random variable's possible values, the likelihood of the variable being less than or equal to that value.

The probability distribution of a continuous random variable can be represented with the help of

a relative frequency histogram

Which of the following best describe the nature of permutations?

They are distinguishable ordered arrangements of items all of which have been drawn from a given group of items.

The sample space is a listing of all the basic outcomes of a random experiment

True

A random variable's name is designated by X; any one of it's possible values is symbolized by x

True

A uniform probability distribution involves random variable that inevitably takes on the same values within a given range.

False

A binomial random variable's probability distribution exhibits negative skewness whenever pie numerically, the probability of success in any one trial, is <.5

True

it is customary to list all the possible values of a continous random variable prior to determining the variable's probability distribution.

True

The normal random variable's density function is single packed above the variables mean, median, and mode, all which are equal to one another.

True

different random events that have no basic outcomes in common are elementary events

Fasle

All the basic outcomes contained in one or the other of two random events constitute the intersection of two events

False

According to the law of large numbers, the probablity that an empirically determined probability value will deviate significantly from a theoretically determined value becomes smaller as we increase the number of repetitions of the random experiment in qu

True

Unconditional probability is a measure of the likelihood of the simultaneous occurrence of two or more events; for events A and B, this probability is symbolized by p (A and B) or (AUB)

False