Classify the Following Random Variable According to Whether It Is

question 20

Multiple Choice

Classify the following random variable according to whether it is discrete or continuous.
-the speed of a car on a New York tollway during rush hour traffic

• A) continuous
• B) discrete

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Definitions:

Tremendous Competition

A highly competitive market condition where numerous competitors strive intensely to win market share.

Financial Markets

Places or systems where financial instruments, such as stocks, bonds, and commodities, are traded between investors.

Efficient

The characteristic of being able to accomplish a task or function with the minimum waste of time and effort; effectiveness combined with resourcefulness.

Capital Market History

The historical trends and events involving the trading of securities, affecting the structure and behavior of the capital market.