Which of the Following Variables Is Considered Random or Probabilistic

question 38

Multiple Choice

Which of the following variables is considered random or probabilistic?

• A)future interest rates
• B)last year's advertising budget
• C)last week's sales data
• D)historical stock prices
• E)historical interest rates

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Definitions:

Reasonable Person

A legal standard used to determine whether an individual's behavior in a particular situation is appropriate, by comparing it to how a hypothetical reasonable person would act under similar circumstances.

Antiassignment Clause

a contractual provision that prohibits the transfer of rights or delegation of duties under the contract to another party, without the original party's consent.

Delegated Duty

A task or responsibility that is assigned by someone in a higher position of authority to someone else, typically within an organizational structure.

Contractual Rights

Rights that arise out of agreements between parties, granting specific entitlements or obligations as delineated in the contract.