A Continuous Random Variable Has the Uniform Distribution on the Interval

question 32

Multiple Choice

A continuous random variable has the uniform distribution on the interval [a, b] if its probability density function f(x) ________.

• A) Provides all probabilities for all x between a and b
• B) Is bell-shaped between a and b
• C) Is constant for all x between a and b, and 0 otherwise
• D) Asymptotically approaches the x axis when x increases to +∞ or decreases to -∞

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Definitions:

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including the repayment period, interest rate, and the amount of the loan.

Sales Discounts

Reductions in the sale price offered by a seller to a buyer, typically to encourage prompt payment or in response to bulk orders.

Sales Returns

Goods returned by customers post-purchase, leading to a reversal of sales revenue.

Net Sales

Total revenue from sales minus returns, allowances, and discounts, representing the actual sales revenue earned.