Asked by Sydney Nicole on Sep 24, 2024

​When a variable can take on different values

A) ​it is a random variable
B) it is a dependent variable
C) it is an dummy variable
D) ​it is an endogenous variable

Random Variable

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

Different Values

The variation in importance, worth, or usefulness that individuals or societies attach to various factors or actions.

  • Understand the definition and role of a random variable in determining outcomes.