Which of the Following Is Not True for Discrete Random

question 144

Multiple Choice

Which of the following is not true for discrete random variables?

• A)The expected value is the weighted average of the values.
• B)They can assume only a countable number of values.
• C)The probability of each value of the random variable must be 0.
• D)The probability values always sum up to 1.
• E)A binomial random variable is considered discrete.

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Definitions:

Supply Of Domestic Currency

The total amount of a country's currency available within the economy, which can be influenced by the central bank's monetary policy and other factors.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Exchange Rate

The value of one currency for the purpose of conversion to another, indicating how much one currency is worth in terms of another.