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

question 1

Multiple Choice

From a portion of a probability distribution,you read that P(demand = 0) is 0.05,P(demand = 1) is 0.10,and P(demand = 2) is 0.20.What are the two-digit random number intervals for this distribution beginning with 01?

• A)01 through 05,01 through 10,and 01 through 20
• B)00 through 04,05 through 14,and 15 through 34
• C)01 through 05,06 through 15,and 16 through 35
• D)00 through 04,00 through 09,and 00 through 19
• E)01 through 06,07 through 16,and 17 through 36

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Definitions:

Legal Interest Rate

The maximum rate of interest that lenders can legally charge borrowers, often set by law or regulation.

Economic Profits

Profits that exceed the opportunity costs of all resources used by a firm, including both explicit and implicit costs.

Accounting Profits

The financial gain calculated by subtracting total explicit costs from total revenue, as recorded in the financial statements.

Explicit Costs

Costs that involve direct monetary payment by a business to purchase or maintain resources.