From a Portion of a Probability Distribution, You Read That

question 11

Multiple Choice

From a portion of a probability distribution, you read that P(demand = 0) is 0.25, and P(demand = 1) is 0.30. The random number intervals for this distribution beginning with 01 are

• A) 01 through 25, and 26 through 30
• B) 01 through 25, and 01 through 30
• C) 01 through 25, and 26 through 55
• D) 00 through 25, and 26 through 55
• E) 00 through 25, and 26 through 30

Recognize examples of common resources and understand why they are considered as such.

Recognize examples of private goods and understand why they are considered as such.

Recognize examples of public goods and understand why they are considered as such.

Recognize examples of artificially scarce goods and understand why they are considered as such.