When a Variable's Outcomes Take on Numerical Values That Can

question 75

Multiple Choice

When a variable's outcomes take on numerical values that can be counted ,the variable is known as a(n) ______.

• A)discrete random variable
• B)random variable
• C)continuous random variable
• D)independent variable

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Definitions:

Rate of Inflation

The annual percentage rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan remaining.

Intertemporal Arbitrage

The action of taking advantage of price differences of the same asset in different time periods to generate profits.

Oil

A viscous liquid derived from petroleum, natural gas, or plants, used as fuel or as a base for lubricants and various manufacturing processes.