A Uniform Probability Distribution Is a Continuous Probability Distribution Where

question 80

Multiple Choice

A uniform probability distribution is a continuous probability distribution where the probability that the random variable assumes a value in any interval of equal length is

• A)different for each interval
• B)the same for each interval
• C)Either a or b could be correct depending on the magnitude of the standard deviation.
• D)None of the alternative answers is correct.

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Definitions:

Approximations

Estimates or close representations of a value or quantity when exact figures are unavailable or unknown.

Labour Market Analysis

The study of a firm’s labour market to evaluate the present or future availability of different types of workers.

Demographic Trends

Patterns observed over time in the demographic features of populations, such as age, race, and gender distributions.

External Supply

The availability of potential job candidates outside the current workforce of an organization.