An Experiment Consists of Making 80 Telephone Calls in Order

question 39

Multiple Choice

An experiment consists of making 80 telephone calls in order to sell a particular insurance policy. The random variable in this experiment is a ________.

• A)discrete random variable
• B)continuous random variable
• C)complex random variable
• D)simplex random variable

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Definitions:

Economics Grade

A measurement or assessment of a student's understanding and proficiency in the subject of economics, typically given as part of an academic evaluation.

Marginal Benefit

The increased pleasure or advantage received from the consumption or creation of an additional unit of a good or service.

Marginal Benefit

The supplementary enjoyment or value derived by a person upon consuming an extra unit of a particular good or service.

Marginal Cost

The cost of producing one additional unit of a good or service.