The Number of People Entering a Shopping Mall on a Given

question 103

True/False

The number of people entering a shopping mall on a given day is an example of a discrete random variable.

---

Definitions:

Contract Rate

The agreed-upon rate specified in a contract that determines the amount of interest to be accrued on financial instruments such as loans or bonds.

Face Value

The nominal or dollar value printed on a security or financial instrument, such as a bond or stock.

Interest Paid

The amount paid by a borrower to a lender for the privilege of borrowing money, typically expressed as an annual percentage rate.

Effective Interest Rate

The true rate of simple interest.