A Continuous Random Variable X Has a Uniform Distribution Between

question 111

True/False

A continuous random variable X has a uniform distribution between 5 and 25 (inclusive),then P(X = 15)= 0.05.

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Definitions:

Unregulated Amount

A quantity or volume of something that is not controlled or limited by laws or any regulatory bodies.

External Cost

External costs refer to the negative side effects or consequences of production or consumption that are not reflected in the market price and are born by third parties or society at large.

Efficient Level

The point at which a system or process is operating at maximum potential without waste of resources.

MSC (Marginal Social Cost)

The complete expenditure for society to create an extra unit of a product or service, covering both personal costs and any additional external expenses.