How Is a Uniform Distribution Defined

question 18

Multiple Choice

How is a uniform distribution defined?

• A)All the values in the distribution are equally likely.
• B)The values in the distribution are distributed with equal intervals.
• C)The distribution takes the shape of a bell-shaped curve.
• D)The values in the distribution are contingent on a previous result.
• E)All the values in the distribution are based on subjective estimates.

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Definitions:

Wage Expense

The total amount spent by a business on salaries and wages for its employees.

Post-Closing Trial Balance

A list of all accounts and their balances after closing entries are made, showing only balance sheet accounts.

Temporary Accounts

Accounts that are closed at the end of each accounting period. These include revenue, expense, and dividend accounts.

Permanent Accounts

Accounts that carry their ending balances over to the next accounting period and are not closed out.