A random variable has a certain future value.

Random Variable

A variable whose possible values are numerical outcomes of a random phenomenon.

Future Value

The value of an investment at a specific future date, taking into account factors like interest rates and compound interest.

Acquire knowledge on the concept of random variables and their relevance to risk and uncertainty in economic determinations.

Verified Answer

Final Answer :

False

Explanation :

A random variable, by definition, does not have a certain future value; instead, it has a range of possible values each with its own probability.

Learning Objectives

Acquire knowledge on the concept of random variables and their relevance to risk and uncertainty in economic determinations.