Which of These Suggests a Discrete Random Variable

question 107

Multiple Choice

Which of these suggests a discrete random variable?

• A)the exact time it takes to run a mile
• B)the exact number of registered voters in your state
• C)the exact amount of blood in a human body
• D)the lifetime of a CF light bulb

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Definitions:

Face Value

The nominal or dollar value printed on a security, such as a bond or stock, representing its official worth at issuance.

Nominal Discount Rate

The discount rate that has not been adjusted for inflation, representing the percentage reduction in present value compared to future value.

Inflation Rate

The percentage increase in the general level of prices for goods and services over a period, typically measured on an annual basis.

Real Dollars

Real dollars refer to the value of money after accounting for inflation, indicating the actual purchasing power of money.