Nagy- BUS207.920-EXAM-2

Nagy- BUS207.920-EXAM-2 - BUS207.920 Chapters 5-7[120...

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BUS207.920 NAME_Chris Nagy Chapters 5-7 [120 points] 16-Oct-07 4 points each unless otherwise stated Make sure I can find your answers. MATCHING [2 points each correct answer] [1] Binomial Probability Distribution [A] A value between zero and one, inclusive, describing the [J] relative possibility [chance or likelihood] and event will occur. [2] Combination [B] A collection of one or more outcomes of an [I] experiment. [3] Conditional Probability [C] the occurrence of one even means that none of the [G] other events can occur at the same time. [4] Continuity Correction factor [D] P(A or B) + P(A) + P(B) [P] [5] Event [E] P(A or B) + P(A) + P(B) - P(AandB) [B] [6] General rule of addition [F] The occurrence of one event has no effect on the [D] probability of the occurrence of another event. [7] Hypergeometric Probability dist [G] the probability of a particular event occurring, given [K} than another even has occurred. [8] Independence [F] [9] Mutually Exclusive [C] [10] Normal Probability Distribution [J] _____has two possible outcomes which are mutually exclusive, [N] there is a fixed number of trials; the outcomes have the same probability of occurrence and the trials are independent. [11] Permutation [K] _____ has two possible outcomes which are mutually exclusive, [H] there is a fixed number of trials; the outcomes have the same probability of occurrence and the trials are not independent. [12] Poisson Probability Distribution [L] The probability is proportional to the length of an interval; [L] the intervals are independent.
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