Which of the Following Is Not a Characteristic of a Discrete

question 63

Multiple Choice

Which of the following is not a characteristic of a discrete probability distribution?

• A) The sum of the probabilities is one.
• B) The values of x are exhaustive.
• C) The value for the probability of any given x ranges from 0 to 1.
• D) The values of x are mutually exclusive.
• E) The sum of the probabilities for all possible values of x must be between 0 and 1.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed overheads - in the cost of a product.

Full Costs

The complete cost of producing an item or providing a service, including direct, indirect, fixed, and variable costs.

Profitable

Describes a business or activity that generates more revenue than it spends in costs, resulting in a financial gain.

Variable Costing

A costing method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.