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Jehanzeb Cheema Bus 210 Final Exam Questions and
Answers with Complete Solutions
Probability Distribution - ANSWER - List of possible outcomes
with associated probabilities
-Types: Categorical and Numeric
Numeric Variable Types - ANSWER - Discrete(limited number of
outcomes, like a die) and Continuous(unlimited amount of
outcomes, like heights)
- Discrete Types: Binomial and Hyper-geometric
- Continuous Types: Uniform and Normal
Conditions of a Binomial Variable - ANSWER 1. N is known
2. 2 outcomes
3. P is known
4. P is stable(with replacement)
5. Must know N and P(number of items and probability of
success)
Jehanzeb Cheema Bus 210 Final Exam Questions and
Answers with Complete Solutions
Probability Distribution - ANSWER - List of possible outcomes
with associated probabilities
-Types: Categorical and Numeric
Numeric Variable Types - ANSWER - Discrete(limited number of
outcomes, like a die) and Continuous(unlimited amount of
outcomes, like heights)
- Discrete Types: Binomial and Hyper-geometric
- Continuous Types: Uniform and Normal
Conditions of a Binomial Variable - ANSWER 1. N is known
2. 2 outcomes
3. P is known
4. P is stable(with replacement)
5. Must know N and P(number of items and probability of
success)
