Classify the Following Random Variable According to Whether It Is

question 242

Multiple Choice

Classify the following random variable according to whether it is discrete or continuous. The number of pills in a container of vitamins

• A) continuous
• B) discrete

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Definitions:

Effective Yield

The return on an investment, expressed as a percentage, accounting for the effects of compounding over a specified period.

Effective Interest Method

A method of calculating the interest revenue for an investment where the interest rate is compounded with each period.

Present Value

The present monetary value of a future sum or a series of cash payments, considering a designated rate of return.

Actuarial Information

Actuarial information involves data and analysis related to assessing financial risks in insurance and finance, especially calculations concerning premiums or pension obligations.