From a Portion of a Probability Distribution, You Read That

question 66

Multiple Choice

From a portion of a probability distribution, you read that P(demand = 0) is 0.05 and P(demand = 1) is 0.15. The cumulative probability for demand = 1 would be which of the following?

• A) 0.05
• B) 0.075
• C) 0.10
• D) 0.15
• E) 0.20

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Definitions:

Imports

Goods or services brought into a country from abroad for sale, which can impact the domestic economy and domestic industries.

Current Account Deficits

Occurs when a country's total imports of goods, services, and transfers exceed its total exports, indicating that it is spending more on foreign trade than it is earning.

Trade Surpluses

A condition in international trade where a country exports more goods and services than it imports.

Balance Of Payments Surpluses

A situation where the total amount of money coming into a country from abroad exceeds the total amount of money leaving the country.