The variable "home ownership" can take on one of two values,1 if the person living in a home owns the home and zero if the person living in a home does not own the home is an example of a discrete random variable.

Question

Quizplus · Accepted Answer

This statement describes a situation where the variable "home ownership" only takes on two possible values, either 1 or 0. This is a characteristic of a discrete random variable, where the possible outcomes are countable and finite. Therefore, the statement is true and the answer is A.

The Variable "Home Ownership" Can Take on One of Two