Which of the following statements about the probability distributions is correct?
A) The shape of a probability distribution is not dependent on the number of observations.
B) All probability distributions are normal.
C) A non-normal probability distribution will lead to a better estimate of future losses.
D) All of the above are incorrect.

Question

Quizplus · Accepted Answer

Option A is incorrect as the shape of a probability distribution can be affected by the number of observations.
Option B is incorrect as probability distributions can take other shapes besides normal.
Option C is incorrect as a normal distribution is often easier to work with when making estimates.

Which of the Following Statements About the Probability Distributions Is