The possible observations of continuous random variables are infinite in number. Characteristics measured in units of money, time, distance, height, volume, length, or weight are examples of such variables.

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This statement is true as continuous random variables can take on any value within a range, which can be infinite in nature. Examples of such variables include those measured in units of money, time, distance, height, volume, length or weight, which can have infinitely many possible observations.

The Possible Observations of Continuous Random Variables Are Infinite in Number