Which of the Following Most Likely Represents a Discrete Random

question 89

Multiple Choice

Which of the following most likely represents a discrete random variable?

• A) Length of time between calls to an 800 number.
• B) The number of years completed in the military services.
• C) The S & P Industrial average of stock prices.
• D) The amount of retail sales on a given day.
• E) Length of time for which an apartment in a large complex remains vacant.

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Definitions:

National Income

The total monetary value of all goods and services produced by a country's economy over a specific time period, excluding income earned abroad.

GDP

Gross Domestic Product, abbreviated as GDP, embodies the total market and monetary worth of all products and services that are finalized within a country's borders throughout a defined period.

Depreciation

An accounting method of allocating the cost of a tangible or physical asset over its useful life or life expectancy.

GDP Deflator

A measure of the price level of all newly produced, domestic, final goods and services in an economy, used to adjust GDP for inflation.