Which of the Following Statements Is the Most Accurate About

question 58

Multiple Choice

Which of the following statements is the most accurate about a Poisson random variable?

• A) It counts the number of successes in a given number of trials.
• B) It counts the number of successes in a specified time or space interval.
• C) It is a continuous random variable.
• D) It has a bell-shaped distribution.

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Definitions:

Full Employment

A situation in which all available labor resources are being used in the most economically efficient way, minimizing unemployment to only frictional or structural levels.

Serious Recession

A significant period of economic decline across the economy that lasts more than a few months, typically evident in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Constitutional Amendment

A formal change or addition to the constitution, requiring a specific procedure for proposal and ratification as outlined in the constitution itself.

Existing Recession

A period of temporary economic decline during which trade and industrial activity are reduced, already currently in place.