Which of the Following Characteristics Are Not Required for the Binomial

question 19

Multiple Choice

Which of the following characteristics are not required for the binomial model?

• A)The trials must be independent.
• B)The probability of success is the same at each trial.
• C)The outcome must be a discrete numerical variable.
• D)There are a fixed number of trials.

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Definitions:

Special Journal

A specialized accounting journal designed to record a specific type of transaction consistently, such as sales or purchases.

Electronic Accounting System

Computerized systems used for tracking and managing financial transactions and accounts.

General Ledger Accounting Systems

Comprehensive accounting systems that collect, classify, and summarize financial transactions to create financial statements.

Cash Receipts

The collection of money (cash, checks, wire transfers) by a business during a given period, often recorded in the cash receipts journal.