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 agoRelated Solutions
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