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EXAM 1: BUSMGT 2320 QUESTIONS AND ANSWERS. area under the curve is the -Answer-probability as sample size increase, power -Answer-increases as SD increases, power -Answer-decreases as significance level increases, power -Answer-increases Binomial Distribution (Conditions) -Answer-1. n trials 2. n trials are independent and identical 3. only 2 outcomes 4. constant probability CLT: normal if -Answer-1. SRS 2. n >30 3. np > 10, n(1-p) >10 4. n < 10% N confi...

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8 pages

Written in 2023/2024

Grade A+

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