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The density function and the cumulative distribution function for the ages of people in an elementary school are graphed below. Which figure is the cumulative distribution function?
I. II.
Production
The process of creating goods and services from various inputs like labor, knowledge, and raw materials.
U-Shape
A graphical representation describing a relationship or phenomenon that decreases, reaches a minimum point, and then increases, resembling the letter "U."
Economies of Scale
Reduction in per unit cost as the volume of production increases, due to factors like bulk purchasing and efficient use of resources.
Technological Change
The overall process of invention, innovation, and diffusion of technology or processes.
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