A Discrete Random Variable Is ________

question 64

Multiple Choice

A discrete random variable is ________.

• A)a variable that has outcomes over one or more continuous intervals of real numbers
• B)a characterization of the possible values that a random variable may assume along with the probability of each value
• C)a variable for which the number of possible outcomes can be counted
• D)a variable for which there is only one possible value

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Definitions:

Trust Receipt

A document that acknowledges the receipt of goods by a person who is borrowing funds from a lender with the goods as collateral, with an agreement to pay the lender back upon the sale of the goods.

Cash Cycle

Also known as the cash conversion cycle, it measures the time it takes for a company to turn its inventory into cash flows from sales.

Accounts Payable Period

The Accounts Payable Period is the average time it takes for a business to pay off its creditors, indicating the efficiency of its payment process.

Use Of Cash

Describes how a business or individual allocates cash resources for various purposes.