Question

The individual times needed by an auditor to review an invoice are uncertain, but there is...

The individual times needed by an auditor to review an invoice are uncertain, but there is nonetheless a regular distribution of outcomes in a large number of repetitions. We say that the times needed by an auditor are:
   
   a) random.
   b) predictable.
   c) deterministic.
   d) probabilities.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans) the correct option is a) random

The phenomenon will be considered random if individual outcomes are uncertain but there is a regular distribution of outcomes in a large number of repetitions.

Add a comment
Know the answer?
Add Answer to:
The individual times needed by an auditor to review an invoice are uncertain, but there is...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Consider an random variable A generated from two independent, non-identically distributed rvs, B and C: Here...

    Consider an random variable A generated from two independent, non-identically distributed rvs, B and C: Here we would say that A has a zero-inflated binomial distribution, which is like a binomial but with a spike at zero. This is a type of mixture, since any given realization of A can be viewed as having come from one of a number of distinct distributions, in this case either a zero-only distribution or a binomial. Write out an expression for the probabilty...

  • Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $30 and the esti...

    Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $30 and the estimated standard deviation is about $5. (a) Consider a random sample of n = 40 customers, each of whom has 10 minutes of unplanned shopping time in a supermarket. From the central limit theorem, what can you say about the probability distribution of x, the average amount...

  • Problem 1. A biased coin with probability plandin with a Heads is lipped 4 times. (a) Define the basic random varia...

    Problem 1. A biased coin with probability plandin with a Heads is lipped 4 times. (a) Define the basic random variables and give the sample space and assign probabilities to the outcomes. (b) Let X be the total number of Heads in the four flips Draw a Venn diagrain showing the five events X = ii 0,1,2,3,4 as well as the sample space and the outcomes. Is X a random variable? c) Are the events X 1 and X 2...

  • Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping...

    Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $21 and the estimated standard deviation is about $9. (a) Consider a random sample of n = 40 customers, each of whom has 10 minutes of unplanned shopping time in a supermarket. From the central limit theorem, what can you say about the probability distribution of x, the average amount...

  • Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) ...

    Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $42 and the estimated standard deviation is about $9. (a) Consider a random sample of n = 100 customers, each of whom has 10 minutes of unplanned shopping time in a supermarket. From the central limit theorem, what can you say about the probability distribution of x, the average amount...

  • Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping...

    Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $39 and the estimated standard deviation is about $9 (a) Consider a random sample of n = 90 customers, each of whom has 10 minutes of unplanned shopping time in a supermarket. From the central limit theorem, what can you say about the probability distribution of x, the average amount...

  • Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping...

    Let x represent the dollar amount spent on supermarket impulse buying in a 10-minute (unplanned) shopping interval. Based on a certain article, the mean of the x distribution is about $46 and the estimated standard deviation is about $8. (a) Consider a random sample of n = 40 customers, each of whom has 10 minutes of unplanned shopping time in a supermarket. From the central limit theorem, what can you say about the probability distribution of x-bar, the average amount...

  • Problem 1.2 As we saw in class, if a sample space S consists of a finite...

    Problem 1.2 As we saw in class, if a sample space S consists of a finite number of outcomes, then it is possible to assign each outcome its own probability. In this special case, the proba bility of an event can be calculated by adding up the probabilities of its individual outcomes. Specifically, if E s1,s2,, Sm), then Additionally, if all outcomes are equally likely, this formula simplifies to P[El-# of outcomes in E ] _ #Of outcomes in S...

  • ey would 0 to 0.361 Groups of adults are randomly selected and arranged in groups of...

    ey would 0 to 0.361 Groups of adults are randomly selected and arranged in groups of three The random variable x is the number in the group who say that they would feel comfortable in a self-driving vehicle. Determine whether a probability distribution is given. If a probability distribution is given, find its mean and standard deviation. If a probability distribution is not given, identify the requirements that are not satisfied 3 0.024 Does the table show a probability distribution?...

  • 9. The four conditions required for using a Binomial distribution are. (a) A fixed number of...

    9. The four conditions required for using a Binomial distribution are. (a) A fixed number of trials (n). b) On each trial, there are two possible outcomes, one of which we call a "success" (c) On each trial, P(success) is the same (d) The outcomes of each trial are independent For each of the following decide if the random variable defined (X) is a Binomial variable or not. If it is not a Binomial variable, say which of the four...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT