For a Continuous Random Variable X,the Area Under the Probability

question 49

Multiple Choice

For a continuous random variable x,the area under the probability distribution curve between any two points is always:

• A)greater than 1
• B)less than zero
• C)equal to 1
• D)in the range zero to 1

---

Definitions:

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford to buy at given prices within their income level.

Apples

A type of fruit that is cultivated worldwide and comes in various colors, including red, green, and yellow, known for its crisp texture and sweet to tart flavor.

Bananas

A common fruit known for its elongated shape and soft, starchy interior, often consumed as a snack or used in cooking.

Utility Function

A mathematical representation of how a consumer ranks different bundles of goods according to the levels of satisfaction they provide.