Distributions & quantitative analysis
Not what you're looking for?
I need verified on the following questions. Please identify the correct answers.
The primary purpose of quantitative analysis should be to gain a greater understanding of the problem, not to automate decision making.
True
False
Managers do not need to be familiar with the limitations, assumptions, and/ or specific applicability of the quantitative analysis technique to use it for accurate decision making.
True
False
The quantitative analysis approach always results in a single solution.
True
False
The expected value of a probability distribution is
a the measure of the spread of the distribution.
b the variance of the distribution.
c the average value of the distribution.
d the probability density function.
e the range of continuous values from point A to point B, inclusive.
The expected value of a binomial distribution is expressed as np where n equals the number of trials and p equals the probability of success of any individual trial.
True
False
Purchase this Solution
Education
- BE, Bangalore University, India
- MS, University of Wisconsin-Madison
Recent Feedback
- "Your explanation to the answers were very helpful."
- "What does 1 and 0 means in the repair column?"
- "Went through all of the formulas, excellent work! This really helped me!"
- "try others as well please"
- "Thank you, this helped a lot. I was not sure how to plug in those numbers to a formula. This was a great help. Now I have to figure out how to explain cost of capital is used in net present value analysis, and how cost of capital is used in net present value analysis. This stuff gets confusing."
Purchase this Solution
Free BrainMass Quizzes
Measures of Central Tendency
Tests knowledge of the three main measures of central tendency, including some simple calculation questions.
Terms and Definitions for Statistics
This quiz covers basic terms and definitions of statistics.
Measures of Central Tendency
This quiz evaluates the students understanding of the measures of central tendency seen in statistics. This quiz is specifically designed to incorporate the measures of central tendency as they relate to psychological research.
Know Your Statistical Concepts
Each question is a choice-summary multiple choice question that presents you with a statistical concept and then 4 numbered statements. You must decide which (if any) of the numbered statements is/are true as they relate to the statistical concept.