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.

---

Definitions:

Indifference Curve

A graph representing combinations of two goods between which a consumer is indifferent, showing preferences in consumption.

Budget Constraint

The limit on the consumption patterns of individuals or entities, based on their income and the prices of goods and services.

Marginal Utility

The additional satisfaction or utility received by consuming an additional unit of a good or service.

Marginal Utility

The additional satisfaction or utility that a person receives from consuming one additional unit of a good or service.