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:

Adjusting Entries

Documentation made at the culmination of an accounting period, aiming to allocate revenues and expenses to the correct timeframe of their occurrence.

Fiscal Year

A one-year period used for financial reporting and budgeting, which may not align with the calendar year.

Net Income

Represents the total profit of a company after all expenses and taxes have been subtracted from total revenue.

Insurance Policy

A contract between an insurer and a policyholder stipulating the terms under which the insurer agrees to compensate the insured for specific losses.