Which of the Following Is an Example of a Distribution

question 17

Multiple Choice

Which of the following is an example of a distribution with NO variability?

• A)scores: 3,5,4,4,5,and 3
• B)scores: 3,3,3,3,33,and 3
• C)scores: 1,2,3,4,5,and 6
• D)scores: 5,5,5,5,5,and 5

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Definitions:

Expected Value

A statistical concept that calculates the average outcome of a random event considering all possible scenarios and their probabilities.

Perfect Information

A condition in decision-making and game theory where all parties have complete and accurate information about the situation.

Net Present Value

A financial metric that calculates the present value of all future cash flows of a project or investment, considering the time value of money.

Maximax Strategy

A decision-making approach focused on maximizing the maximum possible payoff, suitable for optimistic decision-makers.