Which of the Following Is a Random Variable

question 17

Multiple Choice

Which of the following is a random variable?

• A)the price of a stock in one year
• B)the actual price of a stock in one year
• C)the known expected price of a stock in one year
• D)the average price of a stock throughout a year

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Definitions:

Population

The entire collection of individuals or items under consideration in a statistical study.

Sample Variance

The measure of the dispersion of sample data points around the sample mean, estimating the population variance.

Population Variance

A measure of dispersion that shows how much the members of a population differ from the population mean.

True Value

The actual value of a parameter or variable that is typically estimated based on sample data.