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A Continuous Probability Distribution Having a Rectangular Shape,where the Probability

question 28

True/False

A continuous probability distribution having a rectangular shape,where the probability is evenly distributed over an interval of numbers,is called a uniform probability distribution.


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Option Contract

A financial derivative that gives the buyer the right, but not the obligation, to buy or sell an asset at an agreed price within a specific time period.

Legal Obligation

A duty imposed by law that requires an individual or entity to adhere to a prescribed course of action.

About $100,000

An approximate amount of money or financial value, indicating a sum close to one hundred thousand dollars.

Closing Costs

Fees and expenses paid during the closure of a real estate transaction, generally by the buyer and seller.

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