Which of the Following Best Describes a Random Variable

question 46

Multiple Choice

Which of the following best describes a random variable?

• A) A spreadsheet input cell containing a random number generator.
• B) The outcome of a simulation model.
• C) Any variable whose value cannot be predicted with certainty.
• D) All of these describe random variables.

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Definitions:

Paradox Of Voting

A situation where paired-choice voting by majority rule fails to provide a consistent ranking of society’s preferences for public goods or public services.

Majority Voting

Majority voting is a voting system in which decisions are made based on the majority of votes cast, requiring more than half the votes to pass a proposal or elect a candidate.

Marginal Benefits

The extra pleasure or benefit obtained from acquiring or creating an additional unit of a product or service.

Recreation Center

A facility provided for leisure activities which may include sports fields, swimming pools, and other amenities for public use.