Which of the Following Does Not Represent a Continuous Random

question 130

Multiple Choice

Which of the following does not represent a continuous random variable?

• A) Height of oak trees in a park.
• B) Heights and weights of newborn babies.
• C) Time of a flight between Chicago and New York.
• D) The number of customer arrivals to a bank between 10 am and 11 am.

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Definitions:

Overstatement

The exaggeration of income, assets, or worth in financial reporting.

Freight-out Costs

Expenses associated with the delivery of merchandise from a seller to a buyer; also known as shipping costs or delivery expenses.

Inventory

Inventory represents the goods and materials a business holds for the purpose of resale or production, including raw materials, work-in-progress, and finished goods.

Balance Sheet

A financial statement that displays a company's assets, liabilities, and shareholders' equity at a specific point in time.