In Purchasing a Motor Vehicle,there Are a Number of Variables

question 64

Short Answer

In purchasing a motor vehicle,there are a number of variables to consider.The colour of the car is an example of a _________variable.

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Definitions:

Standard Normal

A standard normal distribution is a normal distribution with a mean of 0 and a standard deviation of 1.

Probability Distribution

A statistical function that describes all the possible values and likelihoods that a random variable can take within a given range.

Mean

The average value of a set of numbers, calculated by dividing the sum of all the numbers by the count of items in the set.

Uniform Probability Distribution

A type of probability distribution where all outcomes are equally likely to occur.