The Cumulative Probability Distribution Shows the Probability

question 15

Multiple Choice

The cumulative probability distribution shows the probability

• A)that a random variable is less than or equal to a particular value.
• B)of two or more events occurring at once.
• C)of all possible events occurring.
• D)that a random variable takes on a particular value given that another event has happened.

---

Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent, salaries, and insurance premiums, remaining constant regardless of variations in business activity.

Variable Costs

Expenses that change in proportion to the activity of a business, such as materials or labor directly tied to production volume.

Break-even Sales

The point at which total sales equal total expenses, resulting in no profit or loss.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance.