Which of the Following Is/are Appropriate Statements About Randomness And/or

question 49

Multiple Choice

Which of the following is/are appropriate statements about randomness and/or probability?

• A)A phenomenon is called random if individual outcomes are uncertain,but in a large number of repetitions,there is a regular distribution of outcomes.
• B)The word random in statistics is a description of a kind of order that emerges in the long run.
• C)Probability describes only what happens in the long run.
• D)In a small or moderate number of repetitions,the observed proportion of an outcome can be far from the probability of the outcome.
• E)All of the above are appropriate statements.

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Definitions:

Indorsement

The act of signing the back of a negotiable financial instrument, thereby making it payable to someone other than the named holder.

Signature

A person's name written in a distinctive way as a form of identification in authorizing a document.

Check

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a designated entity from the drawer's account.

Order Paper

A negotiable instrument that is payable to a specific person or their order, requiring endorsement for transfer.