A Probability Distribution Is an Equation That

question 5

Multiple Choice

A probability distribution is an equation that

• A) associates a particular probability of occurrence with each outcome.
• B) measures outcomes and assigns values of X to the simple events.
• C) assigns a value to the variability of the set of events.
• D) assigns a value to the center of the set of events.

Recognize the characteristics that determine industry attractiveness according to the market-based view.

Identify the attributes of resources and capabilities that lead to sustainable competitive advantages.

Understand modern strategic management theories regarding the best competitive advantages.

Know the strategic importance of value chain activities and how they vary by industry.

---

Definitions:

Pygmalion Effect

The phenomenon whereby higher expectations lead to an increase in performance; a form of self-fulfilling prophecy in the context of personal or organizational development.

Expectations

Beliefs or anticipations about the way things will or should be, often shaping behavior and perceptions.

Performance

A measurement of how effectively a task or activity is being accomplished.

Self-Fulfilling Prophecy

A psychological phenomenon where a belief or expectation, whether correct or not, influences behavior in a way that causes the belief to become a reality.