What Is the Term for a Table, Formula, or Graph

question 85

Multiple Choice

What is the term for a table, formula, or graph showing all possible values that a random variable x can assume, together with their associated probabilities p(x) ?

• A) a discrete probability distribution
• B) a continuous probability distribution
• C) a bivariate probability distribution
• D) the law of total probability

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Definitions:

Taxable Income

The portion of one's income that is subject to taxes by federal, state, and/or local governments, calculated after deductions and exemptions.

Carryforward

A tax provision allowing current losses or credits to be used in future tax years to offset potential gains or income.

Net Income

The amount of earnings left after all expenses, taxes, and costs have been subtracted from total revenue.

FMV

Fair Market Value, an estimate of the market value of a property or asset, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.