A Variable That Can Take on Values at Any Point

question 11

True/False

A variable that can take on values at any point over a given interval is called a discrete random variable

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Definitions:

Gratuitous

Referring to something given without expecting anything in return, often related to acts of kindness or voluntary transactions without compensation.

Preexisting Duty

A legal concept indicating that if someone is already legally obligated to perform a certain action, that action cannot be used as consideration for a new contract.

Consideration

The value (such as money, goods, or services) that is given in exchange for a contractual promise or action.

Consideration

The value, such as money, promised, given, or done that induces a party to enter into a contract.