A Continuous Random Variable Is Uniformly Distributed Between a and B

question 16

Multiple Choice

A continuous random variable is uniformly distributed between a and b. The probability density function between a and b is

• A) zero.
• B) (a - b).
• C) (b - a).
• D) 1/(b - a).

Recognize the importance and challenges of maintaining home language in multilingual contexts.

Differentiate between dialogue and argument in communication.

Comprehend strategies for conflict resolution and negotiation.

Recognize the significance of cultural pluralism in society.

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Definitions:

Probability

An indication of how probable an event is to happen, represented numerically between 0 and 1, with 0 meaning it cannot happen and 1 meaning it is certain to happen.

Risk Loving

A financial term describing an individual or entity's preference for taking risks, where the potential for higher gains outweighs the possibility of losses.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.

Expected Utility Maximizer

An economic theory that assumes individuals choose among risky alternatives in such a way as to maximize their expected utility.