From a Portion of a Probability Distribution,you Read That P(demand

question 55

Multiple Choice

From a portion of a probability distribution,you read that P(demand = 0) is 0.05 and P(demand = 1) is 0.10.The cumulative probability for demand = 1 would be which of the following?

• A)0.05
• B)0.075
• C)0.10
• D)0.15
• E)0.005

---

Definitions:

Loanable Funds

A term in economics referring to the market where savers supply funds to borrowers, influencing interest rates based on demand and supply.

Policy Change

Modifications or alterations to policy typically made by governing bodies in response to societal needs, economic conditions, or political pressures.

Loanable Funds

The capital available for borrowing, determined by the supply of savings and the demand for investment within an economy.

Loanable Funds

Money available for borrowing, which consists of savings that banks and other financial institutions can lend to businesses and individuals.