The Normal Probability Distribution Is the Continuous Probability Distribution Used

question 45

True/False

The normal probability distribution is the continuous probability distribution used least often for economics and business applications.

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Definitions:

Capital

Assets or resources that are available for use in the production of further assets or goods.

Entrepreneurial Ability

The skill or capacity to identify opportunities, create new businesses, and innovate new products or services in the marketplace.

Opportunity Cost

represents the value of the next best alternative forgone as a result of making a decision.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.