The mean of a probability distribution is a measure of

A. variability of the distribution.
B. central location.
C. the shape of the distribution.
D. skewness of the distribution.


Answer: B

Business

You might also like to view...

The approved systems design document is used by programmers, the personnel department, and information systems personnel

Indicate whether the statement is true or false

Business

What is the difference between rules and norms?

What will be an ideal response?

Business

Jose Foster, a manager of Prettiest Pooch, Inc, was reviewing the water bills of a dog daycare and spa

He determined that its highest and lowest bills of $3,800 and $2,000 were incurred in the months of May and November, respectively. If 600 dogs were washed in May and 200 dogs were washed in November, what was the fixed cost associated with the company's water bill? (Round any intermediate calculations to the nearest cent and your final answer to the nearest dollar.) A) $2,000 B) $3,800 C) $1,100 D) $1,800

Business

Fragment Company is a wholesaler that sells merchandise in large quantities. Its catalog indicates a list price of $300 per unit on a particular product and a 40% trade discount is offered for quantity purchases of 50 units or more. The cost of shipping the merchandise is $7 per unit under terms FOB shipping point. If a customer purchases 100 units of this product, what is the amount of sales revenue that Fragment will record from this sale?

A. $30,000 B. $30,700 C. $18,700 D. $29,300 E. $18,000

Business