Experiments with Repeated Independent Trials Will Be Described by the Binomial

question 27

Multiple Choice

Experiments with repeated independent trials will be described by the binomial distribution if​

• A) ​the trials are continuous.
• B) ​each trial result influences the next.
• C) ​the time between trials is constant.
• D) ​each trial has exactly two outcomes whose probabilities do not change.

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Definitions:

Adjusted Trial Balance

A statement prepared after adjusting entries are made, used to verify the balance of debits and credits before preparing financial statements.

End-of-period Spreadsheet

A tool used in accounting to gather all the financial data and adjustments needed to prepare financial statements at the end of an accounting period.

Adjusted Trial Balance

A listing of all company accounts that will appear in the financial statements after adjustments have been made for journal entries.

Adjustments Column

A column in accounting ledgers or tables used to record changes or corrections to initial entries prior to preparing financial statements.