A Description of How the Probabilities Are Distributed Over the Values

question 56

Multiple Choice

A description of how the probabilities are distributed over the values the random variable can assume is called a

• A)probability distribution
• B)probability function
• C)random variable
• D)expected value

---

Definitions:

Letter Of Acceptance

A Letter of Acceptance is a formal document indicating that an offer has been understood and agreed upon, thereby forming a binding contract.

Counter Offer

A new offer made in response to an offer received, which implies the rejection of the original offer.

Revocation

The official cancellation or withdrawal of an offer, agreement, or license, making it no longer valid.

Offeror Dies

A legal situation that generally results in the termination of an offer when the person making the offer passes away before acceptance, affecting contract formation.