Exhibit 5-8 the Random Variable X Is the Number of Occurrences of Occurrences

question 10

Multiple Choice

Exhibit 5-8
The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two-time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3.
-Refer to Exhibit 5-8. The random variable x satisfies which of the following Discrete Probability Distributions?

• A)normal
• B)Poisson
• C)binomial
• D)Not enough information is given to answer this question.

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Definitions:

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest obligations on outstanding debt from its operating income.

Average Sale Period

The average time it takes for a company to sell its inventory, calculated over a specific time frame.

Total Asset Turnover

A financial ratio that measures a company's ability to use its assets to generate sales revenue.

Total Assets

Total assets represent the sum of all owned resources with economic value that a company or individual possesses, as recorded on the balance sheet.