Determine Whether the Variable Would Best Be Modeled as Continuous

question 38

Multiple Choice

Determine whether the variable would best be modeled as continuous or discrete: The number of tails when flipping ten coins.

• A)Continuous
• B)Discrete

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Definitions:

Overhead Rates

The method used to allocate indirect costs to produced goods, often calculated as a ratio of overhead to direct labor hours, direct labor costs, or machine hours.

Contact Hours

The actual hours spent in direct contact between teachers and students or professionals in a specified context.

Design Hours

The number of hours allocated or spent on the creative and specification process of product or project development.

Activity-Based Costing

An accounting method that assigns costs to products based on the activities they require, such as ordering materials or setting up machinery.