Which of the Following Best Describes a Function That Assigns

question 32

Multiple Choice

Which of the following best describes a function that assigns a numerical value to each simple event in a sample space?

• A)An expected value.
• B)The mean.
• C)A random variable.
• D)The standard deviation.

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Definitions:

PEST Analysis

A strategic business tool used to evaluate the external macro-environmental factors - Political, Economic, Social, and Technological - that could impact an organization.

Nonprofit Organization

An organization that operates for the public or social benefit, rather than for the profit of private owners or shareholders, and uses surplus revenues to achieve its goals.

Internal Capacity

The collective resources, skills, and competencies available within an organization that enable it to perform effectively.

External Capacity

The abilities and resources available to an organization from external sources that can be used to achieve its goals and objectives.