Question

An experiment has three steps with three outcomes possible for the first step, two outcomes possible for the second step, and four outcomes possible for the third step. How many experimental outcomes exist for the entire experiment?

Answer 1

Answer:

There are two primary types of random variables in statistics: discrete and continuous. Discrete variables are finite, such as how many cars are in a parking lot. There may be 10 or 11 cars, but saying something like 10.5 is meaningless in this case. A continuous variable is how much a car weighs, and can be infinite: not in the sense that a car could weigh an infinite amount but that there is an infinite amount of potential weights for a car, such as 4000lbs, or 4000.1lbs, or 4000.11lbs...