I in a Uniform Probability Distribution, P(x) Is Constant Between

question 108

Multiple Choice

i. In a uniform probability distribution, P(x) is constant between the distribution's minimum and
Maximum values.
ii. For a uniform probability distribution, the probability of any event is equal to 1/(b-a) .
iii. The uniform probability distribution is symmetric about the mode.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Average Tax Rate

The proportion of total income that is paid as tax.

Total Income

Refers to the aggregate amount of all revenue sources over a given period, including wages, salaries, benefits, and earnings from investments.

Total Taxes

The cumulative amount of taxes paid by an individual or company to federal, state, and local governments.

Average Tax Rate

The ratio of the sum of taxes paid to the overall income, determined by dividing the total taxes paid by the total income.