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Can you tell me the related chapter and why the other answers are wrong?
Question: How do you interpret f(x) for a discrete and a continuous random variable?
a. For a discrete random variable it gives the probability that the random variable takes on the value of x and for a continuous random variable it gives the height of the probability density function.
b. For a discrete random variable it gives the height of the probability mass function and for a continuous random variable it gives the probability that the variable takes on the value of x.
c. For both discrete and continuous random variables it gives the area under the curve to the left of x.
d. For a discrete random variable it gives the total probability for all values less than or equal to x and for a continuous random variable f(x) always equals zero.
e. For a discrete random variable it gives the cumulative probability function value and for a continuous random variable it gives the value of the probability mass function.
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Illustrate what does this mean regarding the consumer surplus of the "last person" shown on the demand curve.
Atlantis is a small, isolated island in South Atlantic. The inhabitants increase potatoes and catch fresh fish. The accompanying table shows the maximum yearly output combinations of potatoes and fish that can be produced.
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alpha and beta two tiny islands off the east coast of tricoli produce pearls and pineapples. the
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Some possible platforms on which to write are comparative advantage, gains from trade, World Trade Organization and trade restrictions.
Fred owns four fishing boats on Seneca Lake. He knows from experience the following information about the catch per boat depending on the total numbers of boats he sends to either the north or south end of the lake. Based on the table below, what is ..
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