THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 182

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The continuous random variable X is uniformly distributed over the interval 4 to 10.
-What is P(5 ≤ X ≤ 11) ?

• A)0.167
• B)0.833
• C)1.000
• D)0.000

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Definitions:

Utilities Possibilities Frontier

A graphical representation that shows the maximum number of goods or services that two countries can produce using their resources efficiently.

Efficient

Achieving maximum productivity with minimum wasted effort or expense; effectively utilizing resources.

Equitable

Fair and impartial treatment or distribution, often in the context of socio-economic policies.

Excess Supply

When the quantity supplied of a good exceeds the quantity demanded.