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.

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Definitions:

Co-Ownership

A legal arrangement where two or more parties hold title to a specific property, sharing rights and responsibilities.

Crown

A reference to the state or the monarchy in a legal context, often used in commonwealth countries.

Surface

The outermost or topmost layer of something, often referred to in contexts such as computing, geology, or skin.

Joint Tenants

Joint Tenants is a term used in real estate to describe a form of co-ownership where all owners hold an equal share of the property, and have a right of survivorship, meaning upon the death of one tenant, the property's ownership transfers to the surviving tenant(s).