A Table, Formula, or Graph That Shows All Possible Countable

question 53

Multiple Choice

A table, formula, or graph that shows all possible countable values a random variable can assume, together with their associated probabilities, is called a:

• A) discrete probability distribution.
• B) Continuous probability distribution.
• C) bivariate probability distributi on.
• D) probability tree.

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Definitions:

Predatory Pricing

A firm’s practice of setting a very low price for one or more of its products with the intent to drive its competition out of business; illegal under both the Sherman Antitrust Act and the Federal Trade Commission Act.

Sherman Antitrust Act

A landmark U.S. legislation passed in 1890 that prohibits monopolistic business practices.

Federal Trade Commission Act

A United States federal law established in 1914 to prevent unfair competition and deceptive practices in the marketplace.

Price Fixing

The practice of colluding with other firms to control prices.