A Random Variable That May Take on Any Value in an Interval

question 104

Multiple Choice

A random variable that may take on any value in an interval or collection of intervals is known as a

• A)continuous random variable
• B)discrete random variable
• C)continuous probability function
• D)finite probability function

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Definitions:

Frustration

The feeling of upset or annoyance, often due to inability to change or achieve something.

Income

Refers to the money an individual or business receives in exchange for providing a good or service or through investing capital.

Capital Intensive

Describes industries or businesses that require a large amount of capital investment in relation to their labor cost to produce goods and services.

Four Seasons Hotel

A luxury hotel chain known for its high-quality service and accommodations, catering to guests with upscale amenities.