Which Type of Random Variables Are Used to Model Market

question 235

Multiple Choice

Which type of random variables are used to model market values of various stock prices,production and sales patterns,and studies of import and export behavior?

• A)consistent
• B)marginal
• C)hypergeometric
• D)jointly distributed

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Definitions:

Programmed Decisions

Decisions that are routine and repetitive, often made using standard operating procedures.

Nonprogrammed Decisions

Decisions made in response to situations that are unique, poorly defined, and largely unstructured.

Crisis

A critical or pivotal point in a situation, often a period of instability or danger, which requires immediate and decisive action to resolve.

Internal and External Information

Information used in decision making; internal information originates from within an organization, while external information comes from outside sources.