Determine Whether the Given Function Is a Probability Density Function

question 107

Multiple Choice

Determine whether the given function is a probability density function on the specified interval.

• A) no
• B) yes

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Definitions:

Forward Contract

a financial agreement between two parties to buy or sell an asset at a future date for a price agreed upon today, commonly used for hedging and speculation.

Gross Method

The gross method is an accounting practice whereby discounts are not considered in the recording of purchases; discounts taken are recorded as income.

Forward Contract

A specialized agreement crafted between two parties to transact an asset at a certain price on a future agreed date.

ASPE

Accounting Standards for Private Enterprises, a set of accounting principles and standards in Canada designed for private companies.