A Survey of 1,000 Households Gives the Probability Distribution

question 69

Multiple Choice

A survey of 1,000 households gives the probability distribution: Is this a valid probability distribution?

• A)Yes
• B)No

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Definitions:

Shipment Contract

A legal agreement specifying that the seller will bear the risk of loss or damage to the goods until they are delivered to the carrier.

Ex-Ship

A term from international trade indicating that the seller's responsibility ends once the goods are available for unloading from the ship at the destination port.

F.O.B.

A shipping term indicating that the seller is responsible for the cost of loading goods onto a vessel, with the buyer assuming the risk and transportation cost once onboard.

Manifestation

The act of displaying or showing a quality or feeling through one's actions or appearances.