Classify the Following Random Variable According to Whether It Is

question 124

Multiple Choice

Classify the following random variable according to whether it is discrete or continuous.
-the number of bottles of juice sold in a cafeteria during lunch

• A) discrete
• B) continuous

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Definitions:

Standard Deviation

An index indicating the degree of spread or diversity among values in a dataset.

Acquisition Lead Time

The total time taken from recognising a need for a product or service to when it is fully operational or delivered.

Inventory Handling Cost

The expenses associated with managing and maintaining inventory, including storage, labor, material handling, and related overhead.

Standard Deviation

A statistical measure indicating the amount of variation or dispersion from the average in a set of data.