A Manager Has Been Given the Table Shown Below and Is

question 53

Multiple Choice

A manager has been given the table shown below and is asked to generate random numbers. Which of the following statements is True?

• A) There are no customers in the store 49 percent of the time.
• B) The probability of having one customer in the store is 0.30.
• C) The relative frequency of having two customers in the store is 0.80.
• D) If we randomly choose the numbers 0 through 99 enough times, about 99 percent of the time we will have two customers in the store.

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Definitions:

Standard Deviation

An indicator of how much the values in a set differ or spread out.

Normal Distribution

The normal distribution, often called the Gaussian distribution, is a bell-shaped curve that describes the spread of a characteristic throughout a population where most occurrences take place around the average value.

Positively Correlated

A relationship between two variables where both variables move in tandem, meaning that when one variable increases, the other does as well.

Negatively Correlated

A relationship between two variables in which one variable increases as the other decreases, and vice versa.