Question: What is the difference between a discrete numerical variable and a continuous numerical variable?

What is the difference between a discrete numerical variable and a continuous numerical variable?

Step by Step Solution

★★★★★

3.36 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Discrete random variables produce nu... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Statistics A First Course Questions!

Q:

What is the difference between a discrete probability distribution and a continuous probability distribution? Give your own example of each.

Q:

What is the difference between a discrete probability distribution and a continuous probability distribution?

Q:

What is the difference between a continuous control system and a discrete control system?

Q:

What is the difference between a discrete numerical variable and a continuous numerical variable?

Q:

1.38 What is the difference between a discrete numerical variable and a continuous numerical variable?

Q:

Discrete Random Variables 1. What is the difference between a discrete random variable and a continuous random variable? Provide an original example of each type of variable. 2. What makes the...

Q:

1. What is the difference between a discrete random variable and a continuous random variable? Provide an original example of each type of variable. 2. Solve the following problem: About 30% of...

Q:

What is the difference between a discrete random variable and a continuous random variable? Provide your own examples of each.

Q:

(11) 8. We know about 12% of the US population has had COVID 19 as of this test's writing. a) If I take a sample of 120 people in the US what is the probability more than 10 have had COVID 19? b) If...

Q:

For each of the following variables determine whether the variable is categorical or numerical. If the variable is numerical, determine whether the variable is discrete or continuous. In addition,...

Q:

Explain how the following sampling approaches work: a. Simple random sampling b. Systematic sampling c. Stratified sampling d. Cluster sampling e. Sampling from a continuous process

Q:

Given the following cash flow series, which one of the following equations can be used to find out the equivalent worth V at n=2? Explain your selection. (Note: there is no A at n=2) H A= $100 V=?...

Q:

How could an understanding of the seven steps of personal change help everyone at Javca?

Q:

Change each of the following percents into a common fraction in lowest terms. (a) 50% (b) 37 % (c) 16 2/3% (d) 166 2/3% (e) % (f) 7.5% (g) 0.75% (h) 5/8%

Q:

A manufacturing company regularly conducts quality control checks at specified periods on the products it manufactures. Historically, the failure rate for LED light bulbs that the company...

Q:

Past records indicate that the probability of online retail orders that turn out to be fraudulent is 0.08. Suppose that, on a given day, 20 online retail orders are placed. Assume that the number of...

Q:

In Example 5.4 on page 186, you and two friends decided to go to Wendys. Now, suppose that instead you go to Burger King, which recently filled approximately 82.3% of orders correctly. What is the...

Q:

In a world of costly bankruptcy in which shareholders are residual claimants of the assets of the firm, the Shareholders are risk averse, bondholders are risk loving Shareholders are risk loving,...

Q:

Which of the following statements is correct? A. a. The SML relates required returns to firms' market risk. The slope and intercept of this line cannot be controlled by the financial manager. B. b....

Q:

kindly, I need an expert clear explanation in an ethical perspective. specially in part outcomes and consideration. thanks in advance Develop a concept for coffee shop based on different sustainable...