Which of the Following Is an Example of a Discrete

question 230

Multiple Choice

Which of the following is an example of a discrete random variable?

• A)The monthly electric bill for a local business.
• B)The number of people eating at a local café between noon and 2:00 p.m.
• C)The amount of time it takes for a worker to complete a complex task.
• D)The percentage of people living below the poverty level in Boston.

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Definitions:

Carrying Cost

The total cost of holding inventory, including storage, maintenance, and insurance.

Managing Credit

The process of monitoring and controlling a person's or business's credit usage and payments to ensure financial stability and minimize risk of default.

Required Return

The minimum return an investor expects to achieve by investing in a particular asset, considering its risk level.

Cost of Equity

This refers to the return a company is expected to offer investors to compensate for the risk they take by holding its stock.