Two Characteristics/assumptions of the Poisson Distribution Include

question 52

Multiple Choice

Two characteristics/assumptions of the Poisson distribution include:

• A)Probability of success remains constant from trial to trial and the random variable of interest is continuous.
• B)The event occurring in one interval is independent of the event occurring in any other non-overlapping interval,and the random variable of interest is continuous.
• C)The event occurring in one interval is independent of the event occurring in any other non-overlapping interval,and the random variable of interest is discrete.
• D)The event occurring in one interval is dependent of the event occurring in any other non-overlapping interval,and the random variable of interest is continuous.
• E)Probability of success remains changes from trial to trial and the random variable of interest is continuous.

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Definitions:

Households

Individuals or groups living together who make joint decisions on consumption and resource allocation, forming the basic consuming unit in an economy.

Product Market

The marketplace in which final goods or services are offered to consumers, businesses, and the public sector.

Labor

The human effort, both physical and mental, that is used to produce goods and services.

Consumer Spending

The total amount of money spent by households and individuals in an economy on goods and services, an important indicator of economic health.