Which of the Following Are Continuous Random Variables?​

question 18

Multiple Choice

Which of the following are continuous random variables?​
I. The weight of an elephant
II. The time to answer a questionnaire
III. The number of floors in a skyscraper
IV. The square feet of countertop in a kitchen

• A) ​I and II only
• B) ​III and IV only
• C) ​I, II and IV only​
• D) ​I, II, II, and IV

---

Definitions:

GAAP

Generally Accepted Accounting Principles, a set of rules and standards designed to ensure consistency, fairness, and accuracy in financial reporting and accounting practices in the U.S.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is global in scope.

Factoring Transaction

A financial transaction where a business sells its accounts receivable to a third party at a discount to obtain immediate cash.

Risks And Rewards

The potential positive or negative outcomes of business activities or investments, considering the chance of gain or loss.