Why Is a Cumulative Distribution Function a Natural Choice for the Modeling

question 23

Multiple Choice

Why is a cumulative distribution function a natural choice for the modeling of a limited dependent variable-particularly a dichotomous one?

• A) Cumulative distribution functions are smooth.
• B) Cumulative distribution functions are nonlinear.
• C) Cumulative distribution functions are easy to calculate.
• D) Cumulative distribution functions have a range between 0 and 1.

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Definitions:

Discharge By Breach

The termination of a contractual obligation due to one party's failure to fulfill the contract terms, allowing the non-breaching party to seek remedies.

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A significant malfunction or defect in a product or system that prevents it from functioning as intended or causes a hazard.

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A significant violation of a contractual agreement which grants the aggrieved party the right to sue for damages or terminate the contract.