From a Portion of a Probability Distribution, You Read That

question 67

Multiple Choice

From a portion of a probability distribution, you read that P(demand = 1) is 0.05, P(demand = 2) is 0.15, and P(demand = 3) is .20. The cumulative probability for demand 3 would be

• A) 0.133
• B) 0.200
• C) 0.400
• D) 0.600
• E) cannot be determined from the information given

Understand the advantages and disadvantages of renting versus homeownership.

Evaluate factors to consider when making an offer on a home.

Discuss the implications and considerations of alternative housing options, including tiny houses, and understand housing selection factors.

Understand the concept and types of consumer organizations including cooperatives.

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Marital Status

A person's legal relationship status, categorized as single, married, divorced, or widowed.

Religion

A set of beliefs, practices, and cultural systems that relate humanity to spirituality and, sometimes, to moral values.