If One Wanted to Find the Probability of 10 Customer

question 5

Multiple Choice

If one wanted to find the probability of 10 customer arrivals in an hour at a service station, one would generally use the _____.

• A) binomial probability distribution
• B) Poisson probability distribution
• C) hypergeometric probability distribution
• D) exponential probability distribution

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Definitions:

Capital Balances

The amounts recorded in the equity section of a company's balance sheet, representing the capital invested by the owners.

Additional Investment

Funds invested into a company or assets beyond the initial expenditure, often to support growth, cover operational costs, or finance new projects.

Ending Balances

The final amount in an account at the end of an accounting period, after all transactions have been accounted for, which becomes the beginning balance for the next period.

Capital Deficiency

A situation where a company's total capital is less than the par value of its capital stock.