The Normal Random Variable's Density Function Is Perfectly Symmetric About

question 188

True/False

The normal random variable's density function is perfectly symmetric about a peaked central value and, thus bell shaped; and characterized by tails extending indefinitely in both directions from the centre, approaching (but never touching) the horizontal axis. All of this implies a positive probability for finding values of the random variable anywhere between minus infinity and plus infinity.

---

Definitions:

Profit

The profit achieved when the income from business operations surpasses all associated expenses, costs, and taxes.

MC < MR

A condition in which the marginal cost of producing an additional item is less than the marginal revenue earned from selling it, suggesting that increasing production is profitable.

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes.

License Fee

A charge paid for permission to use intellectual property, enter a market, or perform certain activities within a regulatory framework.