Discrete Probability Distributions Are Used to Model the Probabilities of All

question 24

True/False

Discrete probability distributions are used to model the probabilities of all numerical variables.

---

Definitions:

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured by GDP.

Invested

The act of allocating money or resources to an endeavor with the expectation of generating income or profit.

Bank

A financial institution licensed to accept deposits, offer loans, and provide other financial services such as currency exchange.

Population Size

The total number of individuals or inhabitants in a specified area or group.