Which of the Following Is Not a Characteristic of a Multinomial

question 142

Multiple Choice

Which of the following is not a characteristic of a multinomial experiment?

• A)The experiment consists of a fixed number of trials.
• B)The outcome of each trial is classified into one of two possible categories.
• C)The probability p_i that the outcome will fall into cell i remains constant for each trial.
• D)Each trial of the experiment is independent of the other trials.

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Definitions:

Temporary Investments

Short-term investments that a company plans to convert into cash within a short period, typically one year or less.

Remote Contingent Liability

A potential financial obligation that is considered to be unlikely to occur; it is noted in financial statements as a footnote to provide full disclosure.

Accrual

A method of accounting that recognizes revenue and expenses when they are incurred, regardless of when cash transactions occur.

Disclosure

Disclosure involves the act of making new or important information known, especially about the financial or operational state of a company.