Use the Data Given Below to Answer the Following Questions)

question 22

Multiple Choice

Use the data given below to answer the following questions) .
On an average, the number of students that choose to study Arts subjects at Greyin Tide University is 17 each year. Hint: Use Poisson distribution formula) .
-What is the probability that exactly 13 students will take up Arts in the coming year?

• A) 0.08795
• B) 0.20087
• C) 0.04798
• D) 0.06585

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Definitions:

Notes Payable

A financial accounting term that represents a written promise to pay a certain amount of money, typically with interest, on or before a specified date.

Profitability Ratios

Measures of a company’s overall financial performance by evaluating its ability to generate revenues in excess of expenses.

Inventory Turnover

Inventory turnover is a ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Return on Equity

A measure of the profitability of a business in relation to the equity, calculated as net income divided by shareholders' equity, expressing the company's ability to generate profits from its shareholders' investments.