The Height of the Probability Density Function F(x) of the Uniform

question 16

Multiple Choice

The height of the probability density function f(x) of the uniform distribution defined on the interval [a, b] is ________.

• A) 1/(b - a) between a and b, and zero otherwise
• B) (b - a)/2 between a and b, and zero otherwise
• C) (a + b)/2 between a and b, and zero otherwise
• D) 1/(a + b) between a and b, and zero otherwise

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Definitions:

Nonprice Competition

Strategies used by companies to attract customers through style, service, or location rather than through lower prices.

Products

Goods or services offered by businesses to meet consumer needs and wants.

Competitive Firms

Companies that operate in a market where there are many buyers and sellers, such that no single entity can dictate the market price of goods and services.

Price

The monetary value that must be paid to secure a good or service.