We Sometimes Use Discrete Distributions in Place of Continuous Distributions

question 10

Multiple Choice

We sometimes use discrete distributions in place of continuous distributions:

• A) because they are more accurate.
• B) because they are more simple.
• C) when we don't know the mean and variance of the distribution.
• D) when we need to generate a histogram

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Definitions:

Parent Company

A corporation that owns enough voting stock in another company to control management and operations by influencing or electing its board of directors.

Direct Exporting

The process of selling goods and services from one country directly to customers in another country without using intermediaries.

Foreign Agent

An individual or organization that represents the interests of a foreign country within another nation, often required to register with the local government.

Commercial Activity

Business activities focused on the exchange of goods or services with the intent to earn profit.