Examlex
Using the notation C = continuous and D = discrete, indicate whether each of the
random variables is discrete or continuous.
a) The number of steps to the principal's office from a randomly selected location
at a particular school.
b) The average night time temperature on a randomly selected day in July at Long's
Peak in Colorado
c) The number of eggs in a kitchen on a randomly selected day.
d) The number of sentences in a short story selected at random from a collection
of short stories.
e) The circumference of a randomly selected California redwood tree
Demand
The inclination and capability of buyers to acquire products and services at specified prices.
Increase
An upward movement in quantity, size, number, value, or intensity of a particular variable.
Market Demand
The total quantity of a product or service that all consumers in a market are willing and able to buy at various prices, given a period of time.
Related Goods
Products or services that are either complements or substitutes to one another, affecting each other's demand and supply.
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