The variance is a measure of dispersion or variability in the random variable. It is a weighted average of the
A numerical description of the outcome of an experiment is a random
A random variable that can take on only a finite or countable number of values is known as a
A random variable that may take on any value in an interval or collection of intervals is known as a
A weighted average of the value of a random variable where the probability function provides weights is known as
The following represents the probability distribution for the daily demand of microcomputers at a local store:
Demand Probability
0 0.1
1 0.2
2 0.3
3 0.2
4 0.2
The expected daily demand is:
The probability distribution for a discrete random variable which is used to compute the probability of x successes in n trials is known as the
The probability distribution for a discrete random variable that is used to compute the probability of x occurrences of an event over a specified interval is known as
Which of the following is a required condition for a discrete probability function?
The expected value of a binomial probability distribution is