Which of the Following Is a Continuous Random Variable

question 23

Multiple Choice

Which of the following is a continuous random variable?

• A)The number of employees of an automobile company.
• B)The amount of milk produced by a cow in one 24-hour period.
• C)The number of gallons of milk sold at Albertson's grocery store last week.
• D)None of these choices.

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Definitions:

Cost of Goods Sold

Represents the direct costs attributable to the production of the goods sold in a company.

Raw Materials

The basic materials that are processed or used in the manufacturing of goods or finished products.

Predetermined Overhead Rate

A calculated figure used for assigning the estimate of manufacturing overhead costs to individual units of production, based on a set rate determined at the beginning of an accounting period.

Direct Materials Cost

The total cost of all the raw materials used in the production of a product or service.