Which of the Following Is a Required Condition for a Discrete

question 4

Multiple Choice

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

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

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Definitions:

Bank Guarantees

Bank guarantees are assurances provided by a bank on behalf of a client to guarantee the fulfillment of financial obligations to third parties.

Commercial Draft

A written order from one party to another, directing the payment of a specified sum of money to a third party, often used in trade.

Banker's Acceptance

A short-term debt instrument issued by a company but guaranteed by a bank, commonly used in international trade.

Trade Acceptance

A written promise or a draft by one party, the seller, to another, the buyer, to pay a specified sum of money at a future date.