A Discrete Distribution Is Useful for Many Situations,either When the Uncertain

question 17

True/False

A discrete distribution is useful for many situations,either when the uncertain quantity is not continuous (the number of televisions demanded,for example)or when we want a discrete approximation to a continuous variable.

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Definitions:

ROI

Return on Investment, a performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.

Contribution Margin Ratio

The percentage of sales revenue remaining after variable costs are subtracted, indicating how much contributes to covering fixed costs and generating profit.

Fixed Expenses

Costs that remain constant regardless of the level of production or business activity.

Sales

The total revenue generated from goods or services sold by a company during a specific period.