I a Random Variable May Be Either Discrete or Continuous

question 100

Multiple Choice

i. A random variable may be either discrete or continuous. ii. If Unique Buying Services has 100 employees, there might be 0, 1, 2, 3 up to 100 employees absent on Monday. In this case, the day of the week is the random variable.
iii. A discrete variable may assume fractional or decimal values, but they must have distance between them.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

---

Definitions:

Employer-sponsored Retirement Plan

A retirement savings plan offered by employers to their employees, often with matching contributions.

AGI

Adjusted Gross Income, which is gross income minus adjustments to income, serving as the basis for calculating taxable income.

Deductible Contribution

A contribution, typically to a retirement account, that can be subtracted from gross income to reduce taxable income.

Employer-sponsored Plans

Retirement or insurance plans offered to employees by their employer as a part of their benefits package.