A Random Variable That Can Assume Only a Finite Number

question 100

Multiple Choice

A random variable that can assume only a finite number of values is referred to as a(n)

• A)infinite sequence
• B)finite sequence
• C)discrete random variable
• D)discrete probability function

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Definitions:

Net Operating Income

A company's income after operating expenses are subtracted but before deducting interest and taxes, reflecting the profitability from core operations.

Planning Budget

A budget created for a specific level of activity, it helps in planning and controlling costs based on projected operational activities.

Net Operating Income

The profit a company makes from its normal business operations, calculated by subtracting operating expenses from operating revenues.

Planning Budget

An estimate of future income and expenditures that is used as a guideline for financial planning and decision-making.