In Order to Approximate the Binomial Distribution Using the Normal

question 142

Multiple Choice

In order to approximate the binomial distribution using the normal distribution, the following condition(s) must be met if p is near 1.

• A) np > 5 only
• B) n must be larger than just meeting the condition of np > 5.
• C) n can be as small as np > 5.
• D) n > 5

Understand the principles of proper cost allocation for property acquisition and improvements.

Grasp the concepts and applications of various depreciation methods.

Calculate and interpret total asset turnover ratio.

Understand the accounting treatment for the acquisition and depreciation of property, plant, and equipment (PPE).

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