Vidyalelo
Management · Q272

Management Accounting

Graduate and Post Graduate · Management · question 272

Q272

Type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as

A.
mutual distribution
B.
probability distribution
Answer
C.
collective distribution
D.
marginal distribution

Answer: Option B

Solution

Answer: Option B
Solution:
Type of distribution, which describes whether events to be occurred are mutually exclusive or collectively exhaustive can be classified as probability distribution. A probability distribution is a list of all of the possible outcomes of a random variable along with their corresponding probability values. To give a concrete example, here is the probability distribution of a fair 6-sided die.