Explain the Characteristics and Applications of Discrete Probability Distributions Use

question 15

Essay

Explain the characteristics and applications of discrete probability distributions Use the data given below to answer the following question(s).
The profit from selling folding tables varies uniformly each quarter between $1,500 and $2,300.
-What is the probability that profit will be between $2,000 and $2,200?

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Definitions:

Product Life Cycles

Describes the stages a product goes through from introduction to growth, maturity, and decline in the market.

Required Rate Of Return

The minimum annual percentage earned by an investment that will entice individuals or companies to put money into a particular security or project.

Dividends

Dividends are payments made by a corporation to its shareholder members, representing a portion of the corporate profits distributed.

Dividend-payout Ratio

The percentage of net income paid to shareholders in the form of dividends.