The Poisson Random Variable Is A

question 269

Multiple Choice

The Poisson random variable is a:

• A)discrete random variable with infinitely many possible values.
• B)discrete random variable with finite number of possible values.
• C)continuous random variable with infinitely many possible values.
• D)continuous random variable with finite number of possible values.

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Definitions:

Diseconomies of Scale

A situation where a company or organization grows so large that the costs per unit increase.

Long-run

A period in economics sufficient for all markets to adjust to changes, including those made in physical capital or production capacities.

Average Total Cost

The total cost of producing a particular quantity of output divided by the quantity of output produced, encompassing both fixed and variable costs.

Input Prices

The cost of resources used in the production of goods and services.