To Use Probability and Inference, Data Must Be Discrete

question 100

True/False

To use probability and inference, data must be discrete.

---

Definitions:

Balance Sheet

A report detailing a company's assets, liabilities, and owners' equity at a certain moment.

Manufacturing Overhead

Indirect costs associated with manufacturing, such as the maintenance and operation of machines and facilities, not directly tied to specific products.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products based on a specific activity base.

Factory Depreciation

The allocation of the cost of a factory's physical assets over its useful life, recognizing the assets' wear and tear, deterioration, or obsolescence.