When Sampling Without Replacement, the Appropriate Probability Distribution Is

question 97

Multiple Choice

When sampling without replacement, the appropriate probability distribution is:

• A) a binomial distribution
• B) a hypergeometric distribution
• C) a Poisson distribution
• D) all of these

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Definitions:

Probability Distribution

A function providing a comprehensive list of values and corresponding probabilities for a random variable within a certain limit.

Expected Rate

The anticipated return on an investment, factoring in the probability of various outcomes.

Standard Deviation

A statistical measure that quantifies the variation or dispersion of a set of data points or investment returns.

Covariance

A measure of how two variables move together, indicating the direction of their relationship.