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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. Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x -4 3 6 P(X = x) 0.35 0.62 0.36

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. Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x -4 3 6 P(X = x) 0.35 0.62 0.36

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.
Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x -4 3 6 P(X = x) 0.35 0.62 0.36
Transcribed Image Text:Determine whether or not the distribution is a discrete probability distribution and select the reason why or why not. x -4 3 6 P(X = x) 0.35 0.62 0.36
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