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A Market Research Team Compiled the Following Discrete Probability Distribution

question 61

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A market research team compiled the following discrete probability distribution. In this distribution,x represents the number of automobiles owned by a family. A market research team compiled the following discrete probability distribution. In this distribution,x represents the number of automobiles owned by a family.   Which of the following statements is true? A)  This distribution is skewed to the right. B)  This is a binomial distribution. C)  This is a normal distribution. D)  This distribution is skewed to the left. E)  This distribution is bimodal. Which of the following statements is true?

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Definitions:

Channel Of Distribution

Refers to the path or route through which goods and services travel from the producer or supplier to the end consumer.

Markup

The amount added to the cost price of goods to cover overhead and profit; expressed as a percentage of the cost.

Selling Price

The amount of money a buyer pays to purchase an item from a seller.

Trade Advertising

Advertising directed towards professionals within a specific industry, as opposed to general consumers, to promote products or services.

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