How Does Operating Performance Differ from Financial Flexibility

question 7

Essay

How does operating performance differ from financial flexibility?

---

Definitions:

Binomial Distribution Formula

A mathematical expression that calculates the probability of obtaining a fixed number of successes in a fixed number of independent trials, given the success probability for one trial.

Permutations

The arrangement of all the members of a set into some sequence or order, or if the set is already ordered, rearranging its elements, a process called permuting.

Random Experiment

An experiment or process that leads to uncertain outcomes, each with definable probabilities.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states across a series of experiments or trials.