Business Research Methods | COMPLETE QUESTIONS AND ANSWERS | 100% RATED CORRECT | LATEST UPDATED

Business Research Methods | COMPLETE QUESTIONS AND ANSWERS |

100% RATED CORRECT | 2024-2025 LATEST UPDATED

_________ Is Unpredictable in the short run but has a regular and predictable pattern in the long
run



A. Chance Behavior

B. Personal Probability

C. Probability

D. Law of Averages - (answers)A. Chance Behavior



We call a phenomenon ____ if individuals outcomes are uncertain but there is nonetheless
regular distribution of outcomes in a large number of repetitions


A. Chance Behavior
你是想要一篇“眼睛容易阅读
B. Personal Probability 的”中文文章
C. Random

D. Law of Averages - (answers)C. Random



___ is a number between 0 & 1 that describes the proportion of times the outcome would occur
in a very long series of repetitions



A. Chance Behavior

B. Personal Probability
C. Probability

D. Law of Averages - (answers)C. Probability

, in a large number of independent repetitions of a random phenomenon (like coin tossing)
averages or proportions are likely to become more stable as the # of trails increase.



A. Chance Behavior

B. Personal Probability

C. Probability

D. Law of Averages - (answers)D. Law of Averages


____ of an outcome is a number between 0 and ! that express an individual's judgement of how
likely the outcome is.



A. Chance Behavior

B. Personal Probability

C. Probability

D. Law of Averages - (answers)B. Personal Probability
你是想要一篇“眼睛容易阅读
的”中文文章
A random outcome



A. Has a predictable pattern in the short term

B. Has a 50/50 chance of occurrence

C. Is haphazard

D. Has a predictable pattern in the long term - (answers)D. Has a predictable pattern in the long
term



The probability of a random outcome is


A. Unpredictable

B. 1/2