A Market Research Team Compiled the Following Discrete Probability Distribution

question 63

Multiple Choice

A market research team compiled the following discrete probability distribution.In this distribution x represents the number of automobiles owned by a family. Which of the following statements is true?

• A)This distribution is skewed to the right.
• B)This is a binomial distribution.
• C)This is a normal distribution.
• D)This distribution is skewed to the left.
• E)This distribution is bimodal.

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Definitions:

Outstanding Stock

Shares of a corporation that have been issued and are currently held by investors, including public shareholders and the company's officers and insiders.

Parent Company

A corporation that owns a controlling share of the stock in another company, making the latter a subsidiary.

Fair Value Method

An accounting approach that measures and reports assets and liabilities on the basis of their estimated or actual fair market price.

Carrying Value

The book value of assets and liabilities on a company's balance sheet, excluding market value fluctuations.