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First, decide whether the distribution is a discrete probability distribution, then select the reason for making this decision. Decide Ⓒ Yes No Reason ○ Since the probabilities lie inclusively between 0 and 1 and the sum of the probabilities is equal to 1. ○ Since at least one of the probability values is greater than 1 or less than 0. ○ Since the sum of the probabilities is not equal to 1. Since the sum of the probabilities is equal to 1. ○ Since the probabilities lie inclusively between 0 and 1. -4 -3 -2 Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x P(X = x) 14 38 18

First, decide whether the distribution is a discrete probability distribution, then select the reason for making this decision. Decide Ⓒ Yes No Reason ○ Since the probabilities lie inclusively between 0 and 1 and the sum of the probabilities is equal to 1. ○ Since at least one of the probability values is greater than 1 or less than 0. ○ Since the sum of the probabilities is not equal to 1. Since the sum of the probabilities is equal to 1. ○ Since the probabilities lie inclusively between 0 and 1. -4 -3 -2 Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x P(X = x) 14 38 18

Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter17: Making Decisions With Uncertainty
Section: Chapter Questions
Problem 7MC
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First, decide whether the distribution is a discrete probability distribution, then select the reason for making this decision. Decide Ⓒ Yes No Reason ○ Since the probabilities lie inclusively between 0 and 1 and the sum of the probabilities is equal to 1. ○ Since at least one of the probability values is greater than 1 or less than 0. ○ Since the sum of the probabilities is not equal to 1. Since the sum of the probabilities is equal to 1. ○ Since the probabilities lie inclusively between 0 and 1.
Transcribed Image Text:First, decide whether the distribution is a discrete probability distribution, then select the reason for making this decision. Decide Ⓒ Yes No Reason ○ Since the probabilities lie inclusively between 0 and 1 and the sum of the probabilities is equal to 1. ○ Since at least one of the probability values is greater than 1 or less than 0. ○ Since the sum of the probabilities is not equal to 1. Since the sum of the probabilities is equal to 1. ○ Since the probabilities lie inclusively between 0 and 1.
-4 -3 -2 Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x P(X = x) 14 38 18
Transcribed Image Text:-4 -3 -2 Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x P(X = x) 14 38 18
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