The Information Below Is the Number of Daily Emergency Assists

question 52

Multiple Choice

The information below is the number of daily emergency assists made to skiers by the volunteer ski team at Alpine Ski Lodge for the last 50 days. To explain, there were 22 days on which there were 2 emergency assists, and 9 days on which there were 3 emergency assists. Convert this information to a probability distribution, and determine the mean number of assists per day.

• A) 1.56
• B) 1.7
• C) 1.66
• D) 1.76
• E) 1.77

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Definitions:

Debit

An accounting entry that either increases an asset or expense account, or decreases a liability or equity account.

Credit

An accounting entry that increases liabilities and equity or decreases assets, reflecting a transaction such as the sale of goods on account.

Balance

The amount of money in a financial account, or the difference between the total debits and credits recorded in an account.

Reference Column

A column in financial documents or reports that is used to cross-reference or provide additional information related to a specific entry.