With a Discrete Probability Distribution

question 58

Multiple Choice

With a discrete probability distribution:

• A) a probability is assigned to each possible outcome.
• B) possible outcomes are constantly changing.
• C) an infinite number of possible outcomes exist.
• D) there is no variance.

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Definitions:

Sherman Act

A landmark federal statute in the field of Antitrust Law passed by Congress in 1890, which outlaws monopolistic business practices.

Foreign Companies

Businesses that are incorporated or registered outside of a country’s borders and operate within that country.

U.S. Commerce

Refers to the economic activities and trade within the United States, including transactions of goods and services.

Interstate Commerce Act

A United States federal law designed to regulate the railroad industry, particularly its monopolistic practices, by requiring reasonable and just rates with the establishment of the Interstate Commerce Commission.