Which one of the following statements is correct regarding


Which one of the following statements is correct regarding the use of probability distributions?

a. discrete probability distributions have an infinite number of possible outcomes and are typically used as severity distributions

b. the sum of all even probabilities in a probability distribution must be equal to 1, or 100%

c. theoretical probabilities are mutually exclusive, while empirical probabilities are collectively exhaustive

d. probability distribution tables reflect probabilities for only the most probable even categories

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Financial Management: Which one of the following statements is correct regarding
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