A Property of Continuous Distributions Is That

question 109

Multiple Choice

A property of continuous distributions is that:

• A)As with discrete random variables,the probability distribution can be approximated by a smooth curve.
• B)Probabilities for continuous variables can be approximated using discrete random variables.
• C)Unlike discrete random variables,probabilities can be found using tables.
• D)Unlike discrete random variables,the probability that a continuous random variable equals a specific value is zero [P(X = x)= 0].

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Definitions:

Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period at given prices.

Price Level

A measure of the average prices of goods and services in an economy at a given time.

Real GDP

Gross Domestic Product adjusted for inflation, measuring the value of all goods and services produced over a specific time frame.

Aggregate Demand Curve

A visual diagram that illustrates the connection between the total price level within an economy and the aggregate demand for products and services at that specific price level.