In a Binomial Distribution

question 33

Multiple Choice

In a binomial distribution

• A)the variable X is continuous.
• B)the probability of event of interest is stable from trial to trial.
• C)the number of trials n must be at least 30.
• D)the results of one trial are dependent on the results of the other trials.

---

Definitions:

Unfavorable

A term used in variance analysis to describe a variance that leads to a decrease in profit compared to budgeted or standard costs.

Fixed Manufacturing Overhead

The portion of total manufacturing overhead costs that does not vary with the level of production or output.

Budget Variance

The difference between budgeted and actual figures for revenues or costs, indicating the degree of control over business operations.

Budget Variance

The difference between the budgeted amounts and the actual amounts spent or received.