Which of the following statements about the probability distributions is correct?
A) The shape of a probability distribution is not dependent on the number of observations.
B) All probability distributions are normal.
C) A non-normal probability distribution will lead to a better estimate of future losses.
D) All of the above are incorrect.
D
You might also like to view...
U.S. GAAP permits firms to increase the balance sheet carrying values of tangible and intangible long-lived assets when the fair values of their assets increase
Indicate whether the statement is true or false
The current time bucket lies in which time fence?
A. frozen B. slushy C. flexible D. none of these
In order to fertilize his vegetable farm, John, a farmer, needs to choose from two fertilizers: Nitro Plus and Phosphate Max. Each bag of Nitro Plus costs $7 and contains 8 pounds of nitrogen and 6 pounds of phosphate. Each bag of Phosphate Max costs $9 and contains 4 pounds of nitrogen and 8 pounds of phosphate. John’s vegetable farm requires at least 32 pounds of nitrogen and 48 pounds of phosphate. (Assume fractions of a bag are allowed). At the optimal solution, what is the cost of Nitro Plus used by John?
A. $12.85 B. $11.20 C. $7.65 D. $16.45
A gratuitous agency is not a true agency because it is not formed by contract
a. True b. False Indicate whether the statement is true or false