A) the Probability Values Are Not Discrete

question 55

Multiple Choice

$$\begin{array}{l}\text { The following distribution is \(\underline{\text { not }}\) a probability distribution because }\\\begin{array} { l | c c c c c } \boldsymbol { X } & - 2 & - 1 & 0 & 1 & 2 \\\hline \boldsymbol { P } ( \boldsymbol { X } ) & 0.24 & 0.17 & - 0.22 & 0.50 & 0.31\end{array}\end{array}$$

• A) the probability values are not discrete.
• B) a probability is negative.
• C) the probability values do not add to 1.
• D) values of the variable are negative.

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Definitions:

Standard Deviation

Standard deviation is a statistical measure that quantifies the variability or dispersion of a set of data points or distribution from its mean.

Average Deviation

A statistical measure that describes the average distance of each data point from the mean of the data set.

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Describes an option or decision that involves the lowest level of risk compared to alternatives.

Expected Income

The amount of money an individual anticipates earning over a specified future period, often based on current income and future prospects.