The Variance of a Discrete Distribution Increases If We Add

question 15

True/False

The variance of a discrete distribution increases if we add a positive constant to each one of its values.

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Domestic Price

The cost of goods and services within a country, affected by local economic factors such as inflation, taxation, and supply and demand.

World Price

The global market price at which goods and services are bought and sold, reflecting the demand and supply in the international market.

Trade

The exchange of goods and services between parties, which can be within an economy or between countries.

Domestic Producers

Companies or individuals within a country that manufacture goods or provide services.