In a Continuous Distribution

question 57

Multiple Choice

In a continuous distribution:

• A)P(X < 5) is the same as P(X ≤ 5).
• B)P(X < 5) is less than P(X ≤ 5).
• C)P(X < 5) is more than P(X ≤ 5).

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Definitions:

Denominator

The bottom number in a fraction that shows the total number of equal parts the whole is divided into.

Quick Ratio

A financial ratio that measures a company’s “instant” debt-paying ability, computed as quick assets divided by current liabilities.

Account Payable

The liability created by a purchase on account.

Solvency Analysis

An assessment of a company's ability to meet its long-term financial obligations.