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:

Traditional Measurement

A method of evaluating performance or progress using long-established standards or units.

Return On Investment

A measure used to evaluate the performance of an investment by dividing the net profit by the initial cost of the investment.

Cost Variance

The difference between the estimated cost of a project or operation and the actual cost incurred.

Balanced Scorecard

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, and monitor performance against strategic goals.