Which of the following is an ordinary, non-random variable?
A)the price of a stock in one year
B)the actual price of a stock in one year
C)the known expected price of a stock in one year
D)both B and C are ordinary, non-random variables

Question

Quizplus · Accepted Answer

Option A is a random variable because the future price is uncertain and can change depending on various factors. Option B is an ordinary, non-random variable because it refers to the actual price that can be determined at a later point in time. Option C is also a non-random variable, but it is based on expectations and may not necessarily be the actual outcome. Therefore, options B and C are both ordinary, non-random variables while option D includes both. Option A is a random variable as it depends on the uncertainty in the stock market. Option B is an ordinary, non-random variable because it represents the actual price of the stock at a specific point in time. Option C is also an ordinary, non-random variable because it represents a known and expected price. However, options B and C are essentially the same thing as the known expected price is simply the actual price that is expected to occur. Therefore, both B and C are ordinary, non-random variables.

Which of the Following Is an Ordinary, Non-Random Variable