**This archive file of BUS 308 Week 2 Quiz shows the solutions to the following problems:**

1. Question : In a statistical study, the random variable X = 1, if the house is colonial, and X = 0 if the house is not colonial, then it can be stated that the random variable is continuous.True False 2. Question : The set of all possible experimental outcomes is called a(n)sample space. event. experiment. probability. 3. Question : If two events are independent, then the probability of their intersection is represented by:P(A ? B) = P(A) + P(B) P(A ? B) = 0 P(A ? B) = P(A) * P(B) P(A ? B) = P(A) – P(B) P(A ? B) = P(A) * P(A | B) 4. Question : A(n) __________ is a measure of the chance that an uncertain event will occur.experiment sample space probability complement population 5. Question : The price-to-earning ratio for firms in a given industry is distributed according to normal distribution. In this industry, a firm with a Z value equal to 1has an above average price-to-earning ratio. has a below average price-to-earnings ratio. has an average price-to-earnings ratio. may have an above average or below average price-to-earnings ratio. 6. Question : The expected value of a discrete random variable is:?x p(x) n ?p ?q ?(x –