Which of the Following Correctly Pertains to a Continuous Random

question 25

Multiple Choice

Which of the following correctly pertains to a continuous random variable?

• A) We cannot list all the probabilities for each one of the infinite number of conceivable values of the variable.
• B) We commonly associate probabilities with ranges of values along the continuum of possible values that the random variable might take on.
• C) Both a and b

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Definitions:

Avoided

In legal or contractual contexts, refers to actions or circumstances that render an agreement invalid or not enforceable.

Resold

The act of selling an item that has previously been sold, often referring to goods bought for the purpose of resale.

Resale Price

The resale price is the amount for which goods or services are sold again to consumers or businesses after being bought from the original seller or producer.

Incidental Damages

Incidental damages refer to secondary or peripheral expenses that result from a breach of contract, such as the costs incurred to mitigate losses or to cover additional operational expenses.