Describe the Difference Between a Discrete and a Continuous Probability

question 20

Essay

Describe the difference between a discrete and a continuous probability distribution.

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Definitions:

High-Tech Industry

A sector characterized by companies involved in developing and manufacturing technology products or providing technology related services.

Upward Mobility

The ability or opportunity for individuals or groups to improve their social status, often through education, income increase, or gaining of prestige.

Gini Index

A statistical measure of income inequality within a population, ranging from 0 to 1, where 0 represents perfect equality and 1 represents maximum inequality.

Income Inequality

The unequal distribution of income within a population, leading to gaps between the wealthiest and poorest individuals.