What Two Things Must a Probability Distribution for a Random

question 8

Multiple Choice

What two things must a probability distribution for a random variable display?

• A) All possible values of the random variable and their associated probability
• B) All possible experimental outcomes and their associated probability
• C) All values of the random variable and all experimental outcomes
• D) All values of the random variable and the probability of each experimental outcome

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Definitions:

Output Increases

A rise in the amount of goods or services produced by an entity.

Average Costs

The total cost of production divided by the number of goods produced; it decreases as production increases.

Average Costs

The average expense associated with producing a good or service, typically calculated by dividing the total costs by the quantity of goods or services produced.

Output Increases

A situation where the production level of goods or services in an economy or firm rises.