INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 116

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-Brokerage commissions on [stock | bond] transactions are likely to be a flat fee per unit.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Continuous Distribution

A statistical function that describes the probabilities of the possible values of a continuous random variable.

Discrete Distribution

A statistical distribution that shows the probabilities of outcomes that take on discrete values, such as whole numbers.

Uniform Distribution

A type of probability distribution in which all outcomes are equally likely to occur.

Continuous Random Variable

A random variable that can take an infinite number of values within a given range.