What is a probability distribution and its purpose?
Distinguish between discrete and continuous probability distributions. Give an example of each.
What is randomness? Assume you have an Excel worksheet of the dimension, A1:E101. The first row contains data labels. How would you randomize the data file and to select a simple random sample of 10 items from the dataset. What are N, Ni and n?
This solution helps distinguish between discrete and continuous probability distributions.