Which of the Following Distributions Would Be Most Appropriate for Modeling

question 65

Multiple Choice

Which of the following distributions would be most appropriate for modeling the number of students found in a small classroom?

• A) Normal distribution
• B) Triangular distribution
• C) Lognormal distribution
• D) Integer uniform distribution
• E) Exponential distribution

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Definitions:

Demand for Good

The quantity of a particular good or service that consumers are willing and able to purchase at various prices during a specified time period.

Square Feet

A unit of area measurement equivalent to the area of a square with sides of one foot in length.

Quasilinear Preferences

Preferences where utility is linear in one argument, usually money, allowing for easy analysis of changes in wealth while other goods are evaluated non-linearly.

Homothetic

Pertaining to a class of production functions or utility functions where equal proportionate changes in inputs result in equal proportionate changes in output.