Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x 5 6 7 P(X = ☑) 0.54 0.61-0.15 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.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not.
x
5
6
7
P(X
= ☑) 0.54
0.61-0.15
Transcribed Image Text:Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x 5 6 7 P(X = ☑) 0.54 0.61-0.15
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.
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