If the Mean, Median and Mode Are All Equal for a Continuous

question 11

True/False

If the mean, median and mode are all equal for a continuous random variable, then the random variable is normally distributed.

---

Definitions:

Total Market

The entire demand for a product or service within a particular industry, including all potential customers.

Differentiated Product

A product that is distinct from similar products offered by competitors due to unique features, branding, or quality.

Oligopoly

A market structure characterized by a small number of firms controlling a significant portion of the market share, leading to limited competition and often collaborative behavior.

Conditions of Entry

The factors that determine the ease or difficulty with which new firms can enter an industry and compete with existing firms.