Match the following: S3

List – I List – II a. Decision-making under conditions of certainty.   (i) When the outcomes are known but the probabilities of outcomes are not known. b. Decision-making under conditions of risk.   (ii) When elements of decision problem are clear and also the outcomes of different alternatives are known. c. Decision-making under conditions […]

Match the following: S1

List – I List – II (I) Poisson distribution has the property that 1. Its mean is greater than Variance (II) Normal distribution is a 2. Symmetric distribution (III) Chi-square distribution is 3. Positively skewed distribution (IV) Binomial distribution has the property that 4. Its mean and variance are equal.