Script tags with src and code between script tags

Question

Is the following valid javascript? Would the variable be available to the externally called script?

Answer 1

Read this, http://www.w3.org/TR/html4/interact/scripts.html#h-18.2.1

The script may be defined within the contents of the SCRIPT element or in an external file. If the src attribute is not set, user agents must interpret the contents of the element as the script. If the src has a URI value, user agents must ignore the element's contents and retrieve the script via the URI. Note that the charset attribute refers to the character encoding of the script designated by the src attribute; it does not concern the content of the SCRIPT element.