Because the Probability of Any Specific Value Is 0 for a Continuous

question 167

Multiple Choice

Because the probability of any specific value is 0 for a continuous random variable,the expected values for continuous random variables are computed using:

• A)Bayes' Theorem.
• B)an empirical formula.
• C)a Venn diagram.
• D)integral calculus.

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Definitions:

Benefits to Cost Ratio

The comparison of benefits gained from a particular action or investment to the costs incurred by implementing it, often used to evaluate financial efficiency.

BCR

Benefit-Cost Ratio, a numerical expression comparing the benefits of an action or project to its costs.

Technical Skills Certificate Program

A formal recognition of an individual's competence and proficiency in specific technical or vocational skills, usually acquired through a short-term educational or training process.

Cost Effectiveness

A measure of how effectively resources (money, time, effort) are used to achieve a desired outcome or goal.