You Can Use a Continuous Random Variable to ____________________ a Discrete

question 5

Short Answer

You can use a continuous random variable to ____________________ a discrete random variable that takes on a countable,but very large,number of possible values.

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Definitions:

Utility Function

A mathematical representation that ranks individuals' preferences for various combinations of goods and services, aiming to measure happiness or satisfaction.

Efficient Markets Hypothesis

The theory that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the overall market through stock picking or market timing.

Efficient Markets Hypothesis

The theory that financial markets fully reflect all available information at any given time, making it impossible to consistently achieve higher returns than the overall market.

Share Price

The current price at which a single share of a company's stock can be bought or sold in the financial markets.