When graphed, the probability distribution for a discrete random variable looks like a histogram.
Indicate whether the statement is true or false
Q. 2Using the Tornado Chart tool, determine the assumption that has the least impact on the NPV.
A) Market size
B) R&D
C) Test Drives
D) Time of cash flow
Q. 3If you have an ordinal variable, it is possible to precisely measure the magnitude of the difference between the possible values of the variable.
Indicate whether the statement is true or false
Q. 4Compare and contrast nonsampling error and sampling error.
What will be an ideal response?
Q. 5The probability distribution for a continuous random variable is represented by a probability density function that defines a curve.
Indicate whether the statement is true or false
Q. 6In the context of time series, a cyclical effect differs from a seasonal effect in that the cyclical effect ________.
A) shows a gradual shift in the time series
B) does not show a gradual shift in the time series
C) relates to much longer-term behavior
D) relates to much shorter-term behavior
Q. 7In an experiment, a random variable is ________.
A) a value picked from a set of values that all have an equal chance of occurring
B) a variable chosen at random from a distribution list
C) an outcome that has zero chances of occurring
D) a numerical description of the outcome of an experiment
Q. 8Using the Tornado Chart tool, determine the assumption that has the greatest impact on the NPV.
A) Market size
B) R&D
C) Test Drives
D) Market growth factor
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