An Experiment Consists of Measuring the Speed of Automobiles on a Highway

question 52

Multiple Choice

An experiment consists of measuring the speed of automobiles on a highway by the use of radar equipment.The random variable in this experiment is speed,measured in miles per hour.This random variable is a

• A)discrete random variable
• B)continuous random variable
• C)complex random variable
• D)None of these alternatives is correct.

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Definitions:

Raw Material

Basic materials used in the production process that are transformed into finished goods through manufacturing.

Fixed Overhead

Costs that do not vary with the level of production or sales, including rent, salaries, and insurance, necessary for maintaining a business’s operations.

Direct Labor-Hours

A unit of measure representing the actual hours worked by employees directly involved in the production process.

Depreciation

A structured approach to spreading out the cost of a solid asset over the period it is expected to be useful.