________ Float Results from the Lapse Between the Time When

question 149

Multiple Choice

________ float results from the lapse between the time when a firm deducts a payment from its checking account ledger and the time when funds are actually withdrawn from its account.

• A) Mail
• B) Processing
• C) Collection
• D) Disbursement

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Definitions:

Continuous Random Variable

A variable capable of assuming any value out of countless possibilities within a specific interval.

Continuous Random Variable

A type of random variable that can take an infinite number of possible values in a continuous range.

Discrete Random Variable

A variable that can take on a finite or countably infinite set of values, each with a measurable probability.

Density Function

A mathematical function that describes the probability distribution of a continuous random variable.