A Promissory Note

question 219

Multiple Choice

A promissory note

• A) is not a formal credit instrument.
• B) may be used to settle an accounts receivable.
• C) has the party to whom the money is due as the maker.
• D) cannot be factored to another party.

---

Definitions:

Standard Deviation

Standard deviation is a measure of the dispersion or spread of a set of numbers, indicating how much individual numbers in a dataset deviate from the mean or average.

Random Variable

A statistical variable whose outcomes are numeric and result from unpredictable events.

Binomial Distribution

A probability distribution that summarizes the likelihood that a value will take one of two independent states across a number of trials.

Binomial Probability Distribution

A probability distribution that summarizes the likelihood that a variable will take one of two independent values under a given set of parameters or assumptions.