From a Portion of a Probability Distribution, You Read That

question 11

Multiple Choice

From a portion of a probability distribution, you read that P(demand = 0) is 0.25, and P(demand = 1) is 0.30. The random number intervals for this distribution beginning with 01 are

• A) 01 through 25, and 26 through 30
• B) 01 through 25, and 01 through 30
• C) 01 through 25, and 26 through 55
• D) 00 through 25, and 26 through 55
• E) 00 through 25, and 26 through 30

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Definitions:

Market Equilibrium

A condition or state where the supply of a good matches its demand, leading to a stable market price for the good.

Good

A tangible product or item that satisfies some human desire or need, often available for sale in the market.

Tax Revenue

Government income collected from citizens and businesses through imposed levies and duties.

Tax

A mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.