Suppose $x$ Is a Random Variable Best Described by a Uniform Probability

question 108

Multiple Choice

Suppose $x$ is a random variable best described by a uniform probability distribution with $c = 100$ and $d = 20$ . Find $P ( x \geq 100 )$ .

• A) 0
• B) 0.5
• C) 0.8
• D) 1

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Definitions:

Public Sector

The part of the economy comprised of government services and enterprises, including infrastructure, public education, and healthcare.

Economic Efficiency

A state where resources are allocated in a way that maximizes the production of goods and services.

External Cost

Uncompensated costs that individuals or firms impose on others outside of market transactions, often associated with pollution.