Whenever the Probability Is Proportional to the Length of the Interval

question 66

Multiple Choice

Whenever the probability is proportional to the length of the interval in which the random variable can assume a value, the random variable is _____ distributed.

• A) uniformly
• B) normally
• C) Poisson
• D) exponentially

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Definitions:

Useful Life

The estimated period of time over which an asset is expected to be used by an organization before it is fully depreciated.

Accrued Revenue

Income that has been earned but not yet received or recorded at the date of the financial statements.

Deferred Revenue

Revenue that has been received by a company for goods or services yet to be delivered or performed.

Accrued Expense

An accounting term referring to an expense that has been incurred but not yet paid, leading to an accounts payable.