A Discrete Random Variable Is a Variable Whose Outcomes Take

question 55

Multiple Choice

A discrete random variable is a variable whose outcomes take on numerical values ______.

• A)that can be counted
• B)that are continuous
• C)that are binary
• D)that are negative

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Definitions:

Lease Contract

A legal agreement between two parties where one party (lessor) allows another (lessee) to use an asset for a specific period in exchange for payment.

Future Market Value

The anticipated value of an asset at a future date, based on projections or market trends.

Transferring Uncertainty

The process of moving the risk of a particular outcome from one party to another, often through the use of insurance or hedging techniques.