Which of the Following Inventory Items Is Likely to Have

question 2

Multiple Choice

Which of the following inventory items is likely to have high inherent risk?

• A) Internet computer software.
• B) Cement.
• C) Washing machines.
• D) Office furniture.

---

Definitions:

Random Variable X

A variable whose possible values are numerical outcomes of a random phenomenon, with each outcome having an associated probability.

Probability Model

A mathematical representation of a random phenomenon, defined by a sample space, events within the sample space, and probabilities associated with each event.

Fair Dice

A perfectly balanced dice where each outcome has an equal chance of occurring, ensuring unbiased results in games of chance.

Sum Greater

A condition or outcome where the total quantity or amount exceeds a specified reference point or comparison amount.