________ is the continuous probability distribution used most often for economics and business applications.
A)Normal probability distribution
B)Uniform distribution
C)Exponential distribution
D)Incremental distribution

Question

Quizplus · Accepted Answer

The normal probability distribution, also known as the Gaussian distribution or bell curve, is commonly used in economics and business applications due to its flexibility and widespread applicability. It is used to model the distribution of various random variables, such as prices, returns, and incomes in a variety of scenarios. Its shape is symmetrical and characterized by mean and standard deviation parameters, making it a useful tool for statistical analysis and inference.

________ Is the Continuous Probability Distribution Used Most Often for Economics