Whenever the Probability Is Proportional to the Length of the Interval

question 6

Multiple Choice

Whenever the probability is proportional to the length of the interval in which the random variable can assume a value, the random variable is

• A)uniformly distributed
• B)normally distributed
• C)exponentially distributed
• D)Poisson distributed

---

Definitions:

Inventory Control

The regulation of inventory levels within a business to manage supply, minimize costs, and prevent shortages or surpluses.

Just-In-Time (JIT) System

A supply chain management strategy that reduces inventory costs by delivering raw materials and components just as they are needed in the production process.

Sudden Increase In Demand

A rapid and unexpected rise in the desire or need for a specific product or service, which can impact market dynamics.

Long-Term Relationships

Enduring associations between companies and their stakeholders, such as customers or suppliers, typically characterized by trust, loyalty, and mutual benefit over time.