Determine Whether the Random Variable Described Is Discrete or Continuous

question 72

Multiple Choice

Determine whether the random variable described is discrete or continuous. The number of minutes you must wait in line at the grocery store

• A) continuous
• B) discrete

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the sum of its identifiable net assets.

Equity Income

Income earned by an investor from an investment in the stock of a company, typically through dividends and the investment's appreciation in value.

Annual Review

A periodic evaluation process, often yearly, used to assess an individual's or organization's performance, financial state, or the status of a certain project.

Acquisition-Date Fair Value

The estimated market value of an asset or liability at the date a transaction is completed or an acquisition is made.