Determine Whether the Given Function Is a Probability Density Function

question 97

Multiple Choice

Determine whether the given function is a probability density function on the specified interval.

• A)yes
• B)no

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Definitions:

Resources

Assets, materials, and inputs used to produce goods and services.

Input Market

The market where resources or inputs such as labor, materials, and capital are bought and sold, allowing businesses to produce goods and services.

Households

Entities consisting of one person or a group of people who share living accommodations and make joint or separate decisions in consumption and investment.

Normal Good

A Normal Good is a type of good for which demand increases when the income of the consumer increases and falls when the income decreases, assuming the price remains constant.