MCQs > Finance & Management > Project Management MCQs > Probability and Distribution Functions MCQs

Probability and Distribution Functions MCQ

__________ is a measure of the random variable’s dispersion about its mean (based on the sum of the squared deviations about the mean)

Answer

Correct Answer: Variance

Note: This Question is unanswered, help us to find answer for this one

Uniform distribution is a probability distribution where the value of a random variable can take any value between a given lower and upper bound with equal probability can be ____________ .

Answer

Correct Answer: Both

Note: This Question is unanswered, help us to find answer for this one

Triangular distribution is a continuous probability distribution with a known lower and upper bound; in the shape of a triangle.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

Measure of a random variable’s dispersion about its mean (the square root of the variance).

Answer

Correct Answer: Standard Deviation

Note: This Question is unanswered, help us to find answer for this one

Shifted exponential distribution is an exponential distribution where the average time between events is bounded below.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

________________ is the possible values that a random variable can take and the likelihood that the random variable will equal those values.

Answer

Correct Answer: Probability Distribution

Note: This Question is unanswered, help us to find answer for this one

Poisson distribution is a discrete probability distribution where the time between events occurs at a constant average rate.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

A continuous probability distribution that is unimodal and symmetric is called _____________.

Answer

Correct Answer: Normal (or Gaussian) Distribution

Note: This Question is unanswered, help us to find answer for this one

Mean a measure of the central tendency of a distribution; also known as _____________ .

Answer

Correct Answer: Expected value

Note: This Question is unanswered, help us to find answer for this one

______________ is a continuous probability distribution where the random variable represents the time between Poisson events that occur at a constant average rate.

Answer

Correct Answer: Exponential Distribution

Note: This Question is unanswered, help us to find answer for this one

Discrete probability distribution is a probability distribution where a random variable can only take a value from an identified finite set of possible values.

Answer

Correct Answer: True

Note: This Question is unanswered, help us to find answer for this one

A probability distribution where a random variable can take any value between the limits of a given range is known as :

Answer

Correct Answer: Continuous Distribution

Note: This Question is unanswered, help us to find answer for this one

A discrete probability distribution where the random variable is the number of successes in N trials is called _____________ .

Answer

Correct Answer: Binomial Distribution

Note: This Question is unanswered, help us to find answer for this one

____________ is a continuous probability distribution that can be unimodal, similar to a normal distribution, but not necessarily symmetric (a special case of a gamma distribution).

Answer

Correct Answer: Beta Distribution

Note: This Question is unanswered, help us to find answer for this one