Business Statistics: CH 5-7 Vocabulary Words

Business Stat Istics:

Flashcard Set Preview

Side ASide B
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.
A listing of all ________  ________ of an experiment and thier corresponding probability...
Possible Outcomes
The standard normal distrubtion is a special normal distribution with a mean of ____ and a...
1, 0
A discrete random variable can assume ________ values, while a cntinuous random variable can...
The ____________ distrubution describes the number of times some event occurs during a specificied...
The uniform distribution is a ______ probability distribution.
The normal distribution is divided into two identical halves by the ____________.

Upgrade and get a lot more done!