Exhibit 5-7 The Probability That Pete Will Catch Fish When He Goes

question 75

Multiple Choice

Exhibit 5-7
The probability that Pete will catch fish when he goes fishing is .8. Pete is going to fish 3 days next week. Define the random variable X to be the number of days Pete catches fish.
-Refer to Exhibit 5-7. The variance of the number of days Pete will catch fish is

• A).16
• B).48
• C).8
• D)2.4

Determine changes in depreciation expense accounting due to revisions in asset life expectancy and residual values.

Understand the concept of depreciation as a mechanism for asset cost allocation over its useful life.

Calculate and journalize asset disposal transactions, including gains or losses.

Understand and apply the concept of depletion for natural resources.

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