The probability distribution that would be represented by a line rather than a bar graph and would contain information on the probability values associated with a wide range of possible payoffs would be called:
A) a discrete probability distribution.
B) an inverse probability distribution.
C) a direct probability distribution.
D) a continuous probability distribution.
E) a cumulative probability distribution.

Question

Quizplus · Accepted Answer

A continuous probability distribution would be represented by a line rather than a bar graph and would contain information on the probability values associated with a wide range of possible payoffs. Examples of continuous probability distributions include the normal distribution and the uniform distribution. Discrete probability distributions are represented by bar graphs and only contain information on a specific set of possible outcomes. Inverse and direct probability distributions are not commonly used terms in probability theory. A cumulative probability distribution shows the probability of a variable being less than or equal to a certain value, but it is still represented by a graph with bars or steps, not a line.

The Probability Distribution That Would Be Represented by a Line