Classify the Following Random Variable According to Whether It Is

question 110

Multiple Choice

Classify the following random variable according to whether it is discrete or continuous.
-the cost of a road atlas

• A) discrete
• B) continuous

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Definitions:

Traceable

Costs or items that can be directly linked or attributed to a specific product, job, or department, facilitating accurate costing and financial analysis.

Avoidable Cost

A cost that can be eliminated by choosing one alternative over another in a decision. This term is synonymous with differential cost and relevant cost.

Activity-Based Costing

An accounting method that assigns costs to products based on the activities involved in producing those products.

Decision

The process of making choices among alternative courses of action.