When Graphed, the Probability Distribution for a Discrete Random Variable

question 107

True/False

When graphed, the probability distribution for a discrete random variable looks like a histogram.

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Definitions:

Job-Order Costing

An accounting method that assigns manufacturing costs to an individual product or batch of products, making it possible to track the specific costs associated with producing each.

Automated Router

A device or software that uses pre-set guidelines to direct data traffic automatically in a network.

Predetermined Overhead Rate

A rate calculated at the beginning of a period, used to allocate overhead costs to products based on a particular activity base, such as machine-hours or labor-hours.

Machine-Hours

The total number of hours that machinery is in operation, often used as a measure for allocating manufacturing overhead costs.