Classify the Following Random Variable According to Whether It Is

question 106

Multiple Choice

Classify the following random variable according to whether it is discrete or continuous
-The peak shopping time at home improvement store is between 8:00am-11:00 am on Saturday mornings. Management at the home improvement store randomly selected 190 customers last Saturday morning and decided to observe their shopping habits. They recorded the number of items that each of the customers purchased as well as the total time the customers spent in the store. Identify the types of variables recorded by the home improvement store.

• A) number of items - discrete; total time - continuous
• B) number of items - continuous; total time - continuous
• C) number of items - continuous; total time - discrete
• D) number of items - discrete; total time - discrete

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Definitions:

Own-price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its own price, often used to understand consumer sensitivity to price changes.

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a particular price.

Rice

A staple food grain consumed worldwide, known for its versatility and ability in serving as a primary source of energy.

Normal Goods

For normal goods, demand increases as income increases.