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:

Interest Revenue

Income earned by a company for lending money or through investments in interest-bearing assets.

Lease Rental Revenue

Income earned by a lessor from leasing out assets to lessees, under the terms specified in lease agreements.

Lease Receivable

An asset account on the balance sheet that represents the amount of rent due to the lessor from the lessee according to the lease agreement.

Sales-Type Lease

An arrangement where a lessor sells an asset to a lessee under lease terms, effectively treating the lease as a purchase and sale from an accounting standpoint.