Which of the Following Statements Are False Regarding the Graph

question 29

Multiple Choice

Which of the following statements are false regarding the graph of a continuous probability distribution?

• A)It is characterized by a density function,a smooth curve.
• B)It is a series of spikes.
• C)The height of the density curve above any point is not actually a probability-that is,it is not necessarily between 0 and 1.
• D)Heights above the density function indicate relative likelihoods but are not necessarily values between 0 and 1.

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Definitions:

Goodwill

An intangible asset that represents the excess of the purchase price over the fair value of identifiable net assets of a business acquired.

Journal Entry

A record in the accounts of a business which shows a financial transaction, including debits and credits, to maintain the accuracy of the financial statements.

Consolidated Balance Sheet

A financial statement combining all assets, liabilities, and equity of a parent company and its subsidiaries, presenting the financial position of the entire group.

Fair Values

A measure of the estimated market value of an asset or liability, based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction.