Classify the Following Random Variable According to Whether It Is

question 83

Multiple Choice

Classify the following random variable according to whether it is discrete or continuous. The speed of a car on a Los Angeles freeway during rush hour traffic

• A) continuous
• B) discrete

---

Definitions:

Wholesalers

Businesses or individuals that sell goods in large quantities at lower prices, typically to retailers or professional buyers.

Distributors

Companies or individuals that buy products from manufacturers and sell them to retailers or directly to consumers.

Wholesale Price

The price charged for goods or services when sold in large quantities, usually to retailers who then sell them to the public.

Retail Price

The total cost at which an item is sold to the consumer, which includes the cost of production, distribution, and a markup for profit.