The Probability Distribution of a Random Variable That Is Defined

question 128

Multiple Choice

The probability distribution of a random variable that is defined to be the number of successes obtained in a random sample selected without replacement from a finite population of N elements that contains r successes and N − r failures is

• A) Poisson.
• B) binomial.
• C) hypergeometric.
• D) discrete.

Understand the importance and role of a chart of accounts in financial reporting.

Prepare basic financial statements, such as the single-step income statement.

Recognize and journalize the impact of service fees on transactions.

Accurately arrange selected accounts in a chart of accounts.

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Definitions:

Net Present Value

An economic indicator that finds the disparity between cash inflows' present value and the present value of cash outflows during a certain period.

Discount Rate

A rate used to determine the present value of future cash flows; it's often used in discounted cash flow analysis to account for the time value of money.

Net Present Value

The variance between cash inflows and outflows' present value over time, utilized to evaluate an investment's profitability.

Working Capital

The gap between a firm's present assets and liabilities, showing how liquid it is in the short run.