Which of the Following Distributions Is Appropriate When the Probability

question 3

Multiple Choice

Which of the following distributions is appropriate when the probability of zero is very low, but the most likely value is just greater than zero?

• A) triangular distribution
• B) exponential distribution
• C) lognormal distribution
• D) beta distribution

---

Definitions:

Product Costs

Expenses directly tied to the production of goods or services, including raw materials and labor.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives. It's a core part of management and daily life.

Advertising Expense

The cost incurred by a business to promote its products, services, or brand through various media channels.

Direct Labor

The workforce costs that are directly attributable to the production of goods or services, such as wages for factory workers.