The Variable Employment Status,which Can Take Either the Value 1

question 54

Multiple Choice

The variable Employment Status,which can take either the value 1 for Employed and 0 for Unemployed,is an example of a _____________ random variable.

• A) Poisson
• B) discrete
• C) hypergeometric
• D) continuous

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Definitions:

Charter

A legal document that establishes a corporation or city, outlining its rights, privileges, and purposes.

Par Preferred Stock

Preferred stock with a nominal value assigned at issuance, influencing its redemption and dividend payment.

Paid-In Capital

The amount of money received from shareholders in exchange for shares of the company’s stock.

Retained Earnings

Cumulative net income not distributed to shareholders, used for reinvestment in the business or to pay down debt.