BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A variable that can only take on specific numeric values is called a ____
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continuous random variable
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discrete random variable
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categorical variable
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None of these are correct
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Explanation:
Detailed explanation-1: -A random variable is a variable whose value is a numerical outcome of a random experiment. A discrete random variable X has a countable number of possible values. That is, a random variable that takes some specific values is called discrete random variable.
Detailed explanation-2: -A discrete random variable is a variable that can take on only certain values in a range of values. For instance, the sum total on the roll of two dice is a discrete random variable and can take on only the values 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, or 12.
Detailed explanation-3: -A discrete random variable is one that can assume only a finite, or countably infinite, number of distinct values.
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