The Mean of a Continuous Uniform Distribution Is Simply the Average

question 7

True/False

The mean of a continuous uniform distribution is simply the average of the upper and lower limits of the interval on which the distribution is defined.

---

Definitions:

Units Of Time

Standardized segments of time used for measuring duration, such as seconds, minutes, hours, days, months, and years.

Double-Declining-Balance Method

A method of accelerated depreciation where an asset's book value is reduced by twice the straight-line depreciation rate.

Depreciation Record

Depreciation Record is a detailed account of the depreciation amounts allocated over the life of an asset, which impacts the value of the asset on the balance sheet and the depreciation expense on the income statement.