Which of the Following Is a Required Condition for a Discrete

question 90

Multiple Choice

Which of the following is a required condition for a discrete probability function?

• A)\(\Sigma\)f(x) = 0 for all values of x
• B)f(x) \(\ge\)1 for all values of x
• C)f(x) < 0 for all values of x
• D)\(\Sigma\)f(x) = 1 for all values of x

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Definitions:

Demand

The quantity of a good or service consumers are willing and able to purchase at a given price level.

Curds

The coagulated part of milk separated from the whey during the process of making cheese or paneer.

Utility Function

(rephrased) is an economic model illustrating how different combinations of goods or services provide varying levels of happiness or satisfaction to an individual.

Leather Jackets

Durable outerwear made from the skin of animals, primarily cows, known for its style, protection, and warmth.