Determine Whether the Quantitative Variable Is Discrete or Continuous

question 18

Multiple Choice

Determine whether the quantitative variable is discrete or continuous.
-The number of violent crimes committed in a city on a given day in a random sample of 110 days is a__________ random variable.

• A) discrete
• B) continuous

---

Definitions:

Federal Income Tax

The tax levied by the IRS on the annual earnings of individuals, corporations, trusts, and other legal entities.

Net Pay

Gross earnings less payroll deductions.

Warranty Cost

Expenses incurred by a company to repair, replace, or refund products that are found to be defective after purchase.

Expense Recognition Principle

An accounting concept that expenses should be recognized in the period when the revenues generated by such expenses are recognized.