Determine Whether the Random Variable Described Is Discrete or Continuous

question 20

Multiple Choice

Determine whether the random variable described is discrete or continuous. The length in seconds of a randomly-selected TV commercial

• A) discrete
• B) continuous

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Definitions:

Treasury Stock

Shares that were once part of the floating stock of a company but were then repurchased and are held by the company itself.

Retained Earnings

The portion of a business's profits not distributed to shareholders as dividends but retained for reinvestment in the business or to pay debt.

Net Income

The amount of profit remaining after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenue; also known as net profit.

Dividend

A portion of a company's earnings distributed to shareholders, usually in the form of cash payments or additional shares.