For each of the following statements, state whether the statement is true or false. Indicate your answer by writing “TRUE” for the correct statement and “FALSE” for the incorrect statement in your answer booklet.

Question

(i) A sample space is a set of all possible outcomes of an experiment.

(ii) Marginal cost equals the slope of the quadratic equation.

(iii) The minimum value of any function is obtained when the slope of the function is positive.

(iv) Transpose of a matrix is obtained when rows and columns are interchanged.

(v) The maximum value of a function for example revenue can be obtained when its slope or gradient is negative.

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