The probability of an outcome
A) is the number of times that the outcome occurs in the long run.
B) equals M × N, where M is the number of occurrences and N is the population size.
C) is the proportion of times that the outcome occurs in the long run.
D) equals the sample mean divided by the sample standard deviation.
Ans: C) is the proportion of times that the outcome occurs in the long run.
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The size of the labor force in a country is equal to the:
A) number of unemployed workers in the country. B) number of employed workers plus the number of unemployed workers in the country. C) number of employed workers in the country. D) number of employed workers minus the number of unemployed workers in the country.
If the exchange rate is above equilibrium, there will be ________ in the foreign exchange market
A) a surplus B) a shortage C) a decrease in the demand for domestic currency D) an increase in the demand for domestic currency