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Author Question: Let X represent weekly income expressed in dollars. Since there is no set upper limit, we cannot ... (Read 38 times)

Pea0909berry

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Let X represent weekly income expressed in dollars. Since there is no set upper limit, we cannot identify (and thus cannot count) all the possible values. Consequently, weekly income is regarded as a continuous random variable.
  Indicate whether the statement is true or false

Question 2

In practice, we frequently use a continuous distribution to approximate a discrete one when the number of values the variable can assume is countable but very large.
  Indicate whether the statement is true or false



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ryrychapman11

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Answer to Question 1

T

Answer to Question 2

T





 

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