Which of the Following Probability Distributions Are Associated with Continuous

question 14

Essay

Which of the following probability distributions are associated with continuous outcomes?
a.Poisson
b.Binomial
c.Custom
d.Triangular

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Definitions:

Merchantability

A warranty that a product sold will meet reasonable expectations of the buyer, including that it is of average acceptable quality and is fit for the purpose for which it is sold.

Defective

Pertaining to a lack of perfection, flaws, or deficiencies in a product, service, or legal document that impair its quality, functionality, or legality.

Security Interest

Any interest “in personal property or fixtures which secures payment or performance of an obligation” [UCC 1–201(37)].

Repossesses

The act of taking back an item, typically a vehicle or property, when the buyer fails to make the required payments.