One Example of a Difference Between Discrete Random Variables and Continuous

question 109

True/False

One example of a difference between discrete random variables and continuous random variables is that in a discrete distribution P(x > 2) = P(x ≥ 3) while in a continuous distribution P(x > 2) is treated the same as P(x ≥ 2).

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Definitions:

Manufacturing Operations

The processes and activities involved in the production of goods, typically in a factory setting, involving the conversion of raw materials into finished products.

Unused Capacity

Represents the difference between a company's actual production levels and its maximum potential output, indicating resources that are not being fully utilized.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision.

Differential Profit

The difference in profit from one business alternative compared to another, used to make decisions between various options.