In Financial Statistics, a Probability Distribution Assigns a Probability to Every

question 137

Multiple Choice

In financial statistics, a probability distribution assigns a probability to every ____.

• A) interval of numbers
• B) number
• C) column and row
• D) formula

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Definitions:

Income Share

The distribution of total income among different groups or individuals, often used to analyze economic inequality.

Quintile

A statistical value that represents 20% of a given population or dataset, dividing it into five equal parts.

Percentage

A rate, number, or amount in each hundred.

Income Distribution

A measure of how a nation’s total GDP is distributed amongst its population.