Let X Be a Continuous Random Variable a ? X

question 61

True/False

Let X be a continuous random variable A ? X ? B and let f (x) be its probability density function and F (x) its cumulative distribution function. Indicate whether the following statements are true or false.

-Pr(A ≤ X ≤ b) = F(b)

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Definitions:

Product Availability

The extent to which a product can be purchased by consumers, influenced by inventory levels and supply chain efficiency.

Forecast Error

The gap between real results and what was forecasted by predictive models.

Expected Overstock

The anticipated surplus inventory that exceeds the demand, often leading to markdowns, clearance sales, or write-offs.

Expected Understock

The anticipated shortage of inventory, where demand exceeds the available supply within a certain period.