Social networking sites for business professionals are used to promote one's business. Each social network involves interactions

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Social networking sites for business professionals are used to promote one's business. Each social network involves interactions (connections) between members of the network. Researchers define network density as the ratio of actual network connections to the number of possible one-to-one connections. For example, a network with 10 members has
Social networking sites for business professionals are used to promote

total possible connections. If that network has only 5 connections, the network density is 5/45 = .111. Sociologists at the University of Michigan assumed that the density x of social network would follow a uniform distribution between 0 and 1 (Social Networks, 2010).
a. On average, what is the density of a randomly selected social network?
b. What is the probability that the randomly selected network has a density higher than .7?
c. Consider a social network with only 2 members. Explain why the uniform model would not be a good approximation for the distribution of network density.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Statistics For Business And Economics

ISBN: 9780321826237

12th Edition

Authors: James T. McClave, P. George Benson, Terry T Sincich

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