The Classification of Student Class Designation (Freshman, Sophomore, Junior, Senior)

question 29

Multiple Choice

The classification of student class designation (freshman, sophomore, junior, senior) is an example of

• A) a categorical random variable.
• B) a continuous random variable.
• C) a discrete random variable.
• D) a parameter.

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Definitions:

Government Purchases

Expenditures made by local, state, or federal government sectors on goods and services that directly absorb resources.

Net Exports

The difference between a country's total exports of goods and services and its total imports of goods and services; net exports can be a positive or negative value.

Gross Investment

A company’s total investment in plant, equipment, and inventory. Also, a nation’s plant, equipment, inventory, and residential housing investment.

Depreciation

The process of allocating the cost of a tangible asset over its useful life.