Examlex

Solved

Suppose the Probability of a Power Outage at a Nuclear

question 268

Multiple Choice

Suppose the probability of a power outage at a nuclear power plant on a single day is the same every day of the year.Also,the probability of having a power outage on a single day does not increase or decrease the probability of a power outage on another day.Which of the following distributions would you use to determine the probability that a power outage will occur next Monday?


Definitions:

Covariance

A measure indicating the extent to which two variables change together, signifying the direction of their linear relationship.

Standard Deviation

A statistic that quantifies the amount of variation or dispersion of a set of data values, typically used to measure how spread out the numbers in a data set are.

Slope

A measure of the steepness, incline, or grade of a line, indicating the ratio of the vertical change to the horizontal change between two points on the line.

90th Percentile

A value below which 90% of the data points in a dataset fall.

Related Questions