Let X Be a Continuous Random Variable and Let C

question 166

Multiple Choice

Let x be a continuous random variable and let c be a constant. Which of the following statements is false?

• A) The probability that x assumes a value in the intervaltois the area under the probability density function betweenand.
• B) P(x = c) = 0
• C) P(xc) = P(x < c) and P(xc) = P(x > c)
• D) All of these.
• E) None of these.

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Definitions:

Costs and Benefits

An analysis approach that compares the total costs and total benefits associated with a particular action or decision to determine its feasibility or worth.

Predictable Ways

Methods or patterns that can be anticipated or expected based on previous observations or known properties.

Incentives Matter

A principle that highlights the importance of rewards and penalties in influencing human behaviour and decisions in economics.

Basic Postulate

A fundamental assumption or principle that serves as a foundation for a system of theories, policies, or strategies.