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:

Payee

The individual or entity to whom money is paid or owes to be paid.

Negotiable Instrument

A negotiable instrument is a written document guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the characteristic of being transferable by endorsement or delivery.

Validity

Validity refers to the state of being legally sound, effective, or binding; it is the quality of conforming to law or fact.

Handwritten Instrument

A legal document that is manually written by hand rather than typed or printed.