Which of these statements is best? A)P(loss)= P(break-even break-even). C)The mean of a distribution is less than or equal to the expected value of the distribution. D)As σ increases, the spread of a distribution decreases.

Question

Which of these statements is best?
A)P(loss)= P(break-even < demand).
B)P(profit)= P(demand > break-even).
C)The mean of a distribution is less than or equal to the expected value of the distribution.
D)As σ increases, the spread of a distribution decreases.

Quizplus · Accepted Answer

Statement B is correct because it accurately describes the condition for a profit: when demand exceeds the break-even point. The other statements contain inaccuracies or misunderstandings about probability, statistics, and distribution properties.

Which of These Statements Is Best