Expected Value and Variance MCQs Quiz Online PDF Download

Learn expected value and variance MCQs, business statistics test for learning online courses and test prep to practice. Probability distributions quiz has multiple choice questions (MCQ), expected value and variance quiz questions and answers, rectangular distribution, binomial distribution, standard normal probability distribution, expected value and variance tutorials for online histogram courses distance learning.

Business statistics practice test MCQ: value which is obtained by multiplying possible values of random variable with probability of occurrence and is equal to weighted average is called with choices discrete value, weighted value , expected value and cumulative value with online questions to ask in an interview for employment assessment of business management jobs' seekers. Free study guide is for online learning expected value and variance quiz with MCQs to practice test questions with answers.

MCQs on Expected Value and Variance Quiz PDF Download

MCQ. Value which is obtained by multiplying possible values of random variable with probability of occurrence and is equal to weighted average is called

  1. discrete value
  2. weighted value
  3. expected value
  4. cumulative value

C

MCQ. Demand of products per day for three days are 21, 19, 22 units and their respective probabilities are 0.29, 0.40, 0.35. profit per unit is $0.50 then expected profits for three days are

  1. 21, 19, 22
  2. 21.5, 19.5, 22.5
  3. 0.29, 0.40, 0.35
  4. 3.045, 3.8, 3.85

D

MCQ. Probability which explains x is equal to or less than particular value is classified as

  1. discrete probability
  2. cumulative probability
  3. marginal probability
  4. continuous probability

B

MCQ. Selling price of product is subtracted from purchasing price of product to calculate

  1. profit of product
  2. loss of profit
  3. cumulative average
  4. weighted average

A

MCQ. Number of units multiply profit per unit multiply probability to calculate

  1. discrete profit
  2. expected profit
  3. weighted profit
  4. continuous profit

B