The Weight of an Object,measured to the Nearest Gram,is an Example

question 72

Multiple Choice

The weight of an object,measured to the nearest gram,is an example of

• A)a continuous random variable
• B)a discrete random variable
• C)either a continuous or a discrete random variable,depending on the weight of the object
• D)either a continuous or a discrete random variable depending on the units of measurement

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Definitions:

Cash-basis

An accounting method that recognizes revenues and expenses only when cash is exchanged, as opposed to when they are incurred.

Tax Depreciation

The allowable deduction for depreciation of assets for tax purposes, calculated using methods prescribed by the IRS.

Financial Statement Income

The income reported by a company on its financial statements, which includes revenues, expenses, gains, and losses.

Domestic Corporation

A corporation that is incorporated under the laws of the country in which it is doing business.