A Binomial Distribution Has a Characteristic That the Trials Are

question 24

True/False

A binomial distribution has a characteristic that the trials are independent,which means that the outcome of one trial does not affect the outcome of any other trial.

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Definitions:

Credit Sales

Sales where the customer is allowed to make payment at a later date, extending credit to the buyer.

Cash Received

The physical or electronic receipt of money from transactions, such as sales, debt collections, or asset disposals.

Total Sales

The total revenue generated from the sale of goods or services before any deductions, such as returns or discounts.

Credit Sales

Sales made by a business that do not require immediate payment, allowing the buyer to pay at a later date.