If X Is Uniformly Distributed Over the Interval 8 to 12

question 33

Multiple Choice

If x is uniformly distributed over the interval 8 to 12, inclusively (8 $\le$ x $\le$ 12) , then the probability, P(10.0 $\le$ x $\le$ 11.5) , is __________________.

• A)0.250
• B)0.333
• C)0.375
• D)0.500
• E)0.750

Understand the rationales behind imposing and removing price controls.

Evaluate the impact of supply and demand changes under different price controls.

Analyze the historical context and effects of specific price controls, such as those on gasoline.

Understand the rationale and effects of rent control policies.

---

Definitions:

Average Total Cost Curve

A graphical representation that shows how the average total cost of production changes as the quantity of output is increased.

Total Product Curve

This curve graphically represents the total output produced by a firm in relation to varying levels of a single input, assuming all other inputs are held constant.

Total Utility

Denotes the total satisfaction a consumer derives from consuming a specific quantity of goods or services.

Marginal Utility

The additional satisfaction or benefit gained from consuming one more unit of a good or service.