Give an Example of a Discrete Random Variable

question 30

Multiple Choice

Give an example of a discrete random variable.

• A)The number of inches of rainfall in a county
• B)The number of beverages sold at a lemonade stand
• C)The number of gallons of concrete used at a construction site
• D)The time required for a runner to finish a marathon
• E)The temperature of a pot roast cooking in an oven

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Definitions:

Straight-Line Method

A depreciation accounting method that allocates the cost of a fixed asset evenly over its useful life.

Salvage Value

The estimated resale or scrap value of an asset at the end of its useful life, considered in depreciation calculations.

Working Capital

A measure of a company's liquidity, operational efficiency, and short-term financial health, calculated as current assets minus current liabilities.

Revenues

The total income generated from normal business operations and includes discounts and deductions for returned merchandise.