The Probability Density Function,f(x),for Any Continuous Random Variable X,represents

question 110

Multiple Choice

The probability density function,f(x) ,for any continuous random variable X,represents:

• A)all possible values that X will assume within some interval a ≤ x ≤ b
• B) the probability that X takes on a specific value x.
• C)The height of the density function at x.
• D) None of these choices.

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Definitions:

Incidental Beneficiary

A third party who benefits from a contract between two other parties, although the benefit was not the reason the contract was formed.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, particularly where the contract's intent is to gift something to the beneficiary.

Creditor Beneficiary

A third party that benefits from a contract in which one party promises to pay a debt owed to the third party by the other contract party.

Promisee

The party in a contract who is promised something by another party (the promisor) and stands to benefit from the fulfillment of that promise.