A Uniform Probability Distribution Is a Continuous Probability Distribution Where

question 84

Multiple Choice

A uniform probability distribution is a continuous probability distribution where the probability that the random variable assumes a value in any interval of equal length is

• A)different for each interval
• B)the same for each interval
• C)at least one
• D)None of these alternatives is correct.

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Definitions:

Nominal Interest Rate

The rate of interest before any adjustment for inflation; the stated or face interest rate on a loan or investment.

Sales Growth

The increase in sales over a specific period, indicating the performance and scaling efforts of a business.

Present Value

The present worth of a future amount of money or series of cash flows, when calculated using a particular return rate.

Nominal Annual Rate

The interest rate stated on a loan or financial product, not adjusted for inflation or the compounding of interest within a year.