The odds in favor of a particular event are given by the ratio of the probability of the event ...

The odds in favor of a particular event are given by the ratio of the probability of the event divided by the probability of its complement.
 
  Indicate whether the statement is true or false

Q. 2

If two random variables X and Y are statistically independent, then Cov(X, Y) = 0.
 
  Indicate whether the statement is true or false

Q. 3

A valuable use of median and mode would be in a business where inventory contains items of different sizes.
 
  Indicate whether the statement is true or false

Q. 4

A quality control inspector is interested in the proportion of boxes with no more than one defective pencil. What is the value of the parameter?
 
  What will be an ideal response?