# Distributions & quantitative analysis

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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

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- BE, Bangalore University, India
- MS, University of Wisconsin-Madison

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