Classify the Following Random Variable According to Whether It Is

question 104

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)discrete
• B)continuous

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Definitions:

Gross Profit

The difference between revenue and the cost of goods sold, excluding other operating expenses and taxes.

Income from Operations

The profit earned from a company's everyday business activities, excluding income from other sources and expenses like taxes and interest.

Operating Expenses

The costs associated with the day-to-day activities of running a business, not including the cost of goods sold.

Cost of Merchandise Sold

The direct costs attributable to goods sold by a company, including the purchase price of merchandise, freight, and handling charges, less any discounts received.