Asked by Salma Tawfic on Jun 12, 2024
Verified
The number of homes sold by a real estate agency in a three week period is an example of a continuous random variable.
Continuous Random Variable
A variable that can assume an infinite number of values within a specific range and is used in probability and statistics.
Homes Sold
The number of residential properties that have been sold over a specific period of time.
- Identify examples of discrete and continuous random variables in real life.
Verified Answer
CK
Chantelle KoellnerJun 14, 2024
Final Answer :
False
Explanation :
The number of homes sold in a three week period is a discrete random variable, as it can only take on a finite set of values (i.e. whole numbers). A continuous random variable, on the other hand, can take on any value within a given range (e.g. time, temperature, height, etc.).
Learning Objectives
- Identify examples of discrete and continuous random variables in real life.