A continuous probability distribution would:
A) if symmetrically shaped about its mean or expected value, be called a normal distribution.
B) be represented by a line rather than a bar graph.
C) if we added up all of the probability values associated with its outcomes, yield a value of one for their cumulative probability and have a 100 percent probability that one of the outcomes will occur.
D) contain information on the probability values associated with a wide range of possible payoffs.
E) all of the above.

Question

Quizplus · Accepted Answer

A continuous probability distribution would be represented by a line graph, would have a cumulative probability of one, would contain information on a wide range of possible payoffs, and if it is symmetrically shaped about its mean it would be called a normal distribution. Therefore, all of the above statements are true.

A Continuous Probability Distribution Would