Business Statistics: CH 5-7 Vocabulary Words

Business Statistics: CH 5-7 Vocabulary Words Business Stat Istics:
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The closer the probabilty is to 1, the more likely that the events _________.
 
will happen- Classical
The closer the probability is to 0, the more likely that the event ___________.
 
will not happen- Empirical
A _______ probabilty is the likelihood that two or more events will happen at the same time.
 
Joint
A listing of all ________ ________ of an experiment and thier corresponding probability of occurence is called a probability distrubtion.
 
Possible Outcomes
The standard normal distrubtion is a special normal distribution with a mean of ____ and a standard deviation of _____.
 
1, 0
A discrete random variable can assume ________ values, while a cntinuous random variable can assume _________ values within a specific range.
 
?
The ____________ distrubution describes the number of times some event occurs during a specificied interval.
 
?
The uniform distribution is a ______ probability distribution.
 
?
The normal distribution is divided into two identical halves by the ____________.
 
?
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