Question

In: Finance

1. A probability distribution shows the relative likelihood of observing any particular value. TRUE or FALSE...

1. A probability distribution shows the relative likelihood of observing any particular value. TRUE or FALSE

2. Which of the following distributions describes the number of times an event occurs during a given period of time or space?

Uniform distribution

Exponential distribution

Poisson distribution

Normal distribution

None of the answer choices is correct.

Solutions

Expert Solution

(1) Probability distribution is a statistical function which describes all the possible values and the likelihoods that a random variable can take within a given range From the definition, it can be said that a probability distribution shows the relative likelihood of observing any particular value Hence the answer is True. (2) The distribution which describes the number of times an event occurs during a given period of time or space is Poisson distribution Hence the answer is Poisson distribution.

jeff jeffy answered 1 year ago
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