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 -∞

---

Definitions:

Utility

The total satisfaction or benefit that a person gains from consuming a good or service.

Needs and Wants

Basic necessities that are essential for survival and desires that can enhance quality of life but are not essential for survival.

Marketing

The act of marketing, sales, and dissemination of a product or service, encompassing market analysis and promotion.

Wants

Desires or wishes that people have for goods and services that can provide satisfaction or utility.