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A discrete random variable has possible values that can be listed; it involves a count of something, for instance, the number of people in line at a coffee shop, or how many blue marbles are in a jar. How is the number of people in line at a coffee shop or how many blue marbles are in a jar considered discrete random variables?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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