A Numerical Variable Whose Value Depends on the Outcome of a Chance

question 87

Multiple Choice

A numerical variable whose value depends on the outcome of a chance experiment is called

• A)an outcome.
• B)a trial.
• C)a simulation.
• D)a random variable.
• E)a probability distribution.

---

Definitions:

Comparative Balance Sheet

A financial statement that presents the assets, liabilities, and equity of a company at multiple points in time, facilitating trend analysis and financial health assessment.

Decrease

Refers to the reduction in size, quantity, or importance of something, often quantifiable in financial terms such as profits, values, or sizes.

Inventory

Consists of the goods and materials a business holds for the purpose of resale or production.

Indirect Method

A method for preparing the cash flow statement that adjusts net income for changes in balance sheet accounts to calculate operating cash flows.