Which of the following variables is considered random or probabilistic?
A)future interest rates
B)last year's advertising budget
C)last week's sales data
D)historical stock prices
E)historical interest rates

Question

Quizplus · Accepted Answer

Future interest rates are considered random or probabilistic as they are uncertain and can vary based on economic factors and market conditions. The other variables listed are already known or have occurred in the past, making them deterministic.

Which of the Following Variables Is Considered Random or Probabilistic