Determine Whether the Statement Is True or False

question 191

True/False

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false.
The area of a histogram associated with a probability distribution is a number between 0 and 1.

---

Definitions:

Positive Accounting Theory

An accounting theory that seeks to explain and predict accounting practices, focusing on the relationships between various parties involved in accounting.

Political Contracts

Agreements made in the context of political relations, often involving government entities, which can encompass a wide range of subject matter from trade to defense.

Managerial Contracts

Agreements outlining the terms and responsibilities between managers and the entity they manage, often including performance criteria, duties, and compensation.

Professional Judgement

The application of knowledge, expertise, and experience to make informed decisions within the context of professional practices.