A Discrete Variable That Can Often Be Used to Describe

question 30

Multiple Choice

A discrete variable that can often be used to describe the number of occurrences of an event over a specified interval of time or space is a ___________ random variable.

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

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Definitions:

Great Depression

A severe worldwide economic downturn that lasted throughout the 1930s, marked by widespread unemployment and poverty.

Monetary Contraction

A decrease in the money supply in an economy, often implemented by central banks to control inflation.

Trade Restrictions

Measures imposed by governments to regulate or limit international trade.

Tariff

A tax levied on goods imported into a country.