Which of the Following Best Describes a Discrete Random Variable

question 18

Multiple Choice

Which of the following best describes a discrete random variable?

• A)A random variable that can only assume a countable number of values.
• B)A random variable that can only assume an uncountable number of values.
• C)All random variable are discrete random variables
• D)None of these choices are correct

Analyze the role of economies and diseconomies of scale in shaping cost structures.

Distinguish between the different ranges of the cost curves based on the law of diminishing returns.

Appreciate the importance of understanding cost structures for decision-making in business.

Understand the GLOBE project's research findings on cultural clusters and leadership dimensions.

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Definitions:

Labor Productivity

This term refers to the amount of goods and services produced per hour worked, indicating the efficiency of labor in the economy.

Per-Worker Production Function

A measure of the relationship between the average output produced by each worker and the inputs used in production.

Capital Per Worker

The average amount of capital (tools, machinery, etc.) available for each employee in the production process.

Net Present Value (NPV)

A method used in capital budgeting to evaluate the profitability of an investment or project, calculated by summing the present values of incoming and outgoing cash flows over the life of the investment.