The Variable "Employment Status," Which Can Take Either the Value

question 67

Multiple Choice

The variable "employment status," which can take either the value 1 for "employed" and 0 for "unemployed," is an example of a _____________ random variable.

• A)Poisson
• B)Discrete
• C)Hypergeometric
• D)Continuous

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Definitions:

Liable

Legally responsible or obligated.

Co-signs

Agrees to be equally responsible for the repayment of a loan or obligation, typically to help another person obtain credit.

Primarily Liable

The main or foremost obligation or responsibility to fulfill a debt or legal duty.

Student Loan

A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses.