If the Continuous Random Variable X Is Uniformly Distributed Over

question 214

Multiple Choice

If the continuous random variable X is uniformly distributed over the interval 6 to 10,then the height of this distribution,f(x) ,is:

• A)0.125
• B)0.250
• C)0.500
• D)0.750

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Definitions:

Potential GDP

Potential GDP refers to the maximum output an economy can produce without triggering inflation, if all resources are fully employed.

Full-employment GDP

Full-employment GDP is the maximum potential output an economy can produce when all resources, including labor, are fully utilized without causing inflation.

Capitalist Economy

A financial system where capital goods are owned by individuals or corporations, with investment choices, prices, production, and goods distribution primarily influenced by competition within a free market.

Automatic Stabilizer

Economic policies and programs, like unemployment benefits, that automatically adjust to counteract economic fluctuations without additional government action.