The Binomial Probability Distribution Is a Discrete Probability Distribution

question 3

True/False

The binomial probability distribution is a discrete probability distribution.

---

Definitions:

Net Sales

This refers to the revenue generated from sales after deducting returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable to Net Sales

A ratio that measures the amount of money owed to a company by its customers relative to the net sales.

Balance Sheet

A document detailing a firm's assets, liabilities, and owners' equity at a particular moment.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, revealing profit or loss.