Which of the Following Correctly Describes a Continuous Random Variable

question 32

Multiple Choice

Which of the following correctly describes a continuous random variable?

• A) We cannot list all the possible values of a continuous random variable.
• B) We cannot list all the probabilities for each one of the infinite number of conceivable values of the variable.
• C) We commonly associate probabilities with ranges of values along the continuum of possible values that the random variable might take on.
• D) All of these.
• E) None of these.

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Definitions:

Shareholder Stake

The interest or share that an individual or entity has in the ownership of a company, often expressed as a percentage of the company's stock.

Company Owes

The financial obligations or debts that a business is legally required to repay to creditors, suppliers, or other entities.

Operating Profit

The amount left over from revenue once all costs and expenses are subtracted.

General Expenses

The overhead costs not directly tied to the production of goods or services, including rent, utilities, and office supplies.