An Experiment Consists of Making 80 Telephone Calls in Order

question 107

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 the number of sales made. This random variable is a

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

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Definitions:

S&P500 Value

Refers to the total market value of all stocks listed in the Standard & Poor's 500 Index, a commonly used representation of the U.S. equity market.

Futures Position

A commitment to buy or sell a specified amount of a commodity or financial instrument at a predetermined price at a specified time in the future.

FTSE 100 Futures

Financial contracts to buy or sell the FTSE 100 stock index at a predetermined future date and price, used for hedging or speculation on the direction of the UK stock market.

British Pound

The currency of the United Kingdom, commonly used within its borders and globally in financial transactions.