An Electronics Store Receives a Shipment of 50 Flat Screen $\mathrm { N } = 50 , \mathrm { n } = 4 , \mathrm { k } = 5 , \mathrm { x } = 0,1,2,3,4$

question 54

Multiple Choice

An electronics store receives a shipment of 50 flat screen TVs of which 5 are defective. During the qualitycontrol inspection, 4 TVs are selected at random from the shipment for testing. The random variable Xrepresents the number of defective computers in the sample

• A) hypergeometric; \(\mathrm { N } = 50 , \mathrm { n } = 4 , \mathrm { k } = 5 , \mathrm { x } = 0,1,2,3,4\)
• B) hypergeometric; \(\mathrm { N } = 50 , \mathrm { n } = 5 , \mathrm { k } = 4 , \mathrm { x } = 0,1,2,3,4\)
• C) hypergeometric; \(\mathrm { N } = 50 , \mathrm { n } = 4 , \mathrm { k } = 5 , \mathrm { x } = 0,1,2 , \ldots , 5\)
• D) not hypergeometric

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Definitions:

Temporal Method

A technique used in foreign currency translation that uses exchange rates based on the timing of the original transaction.

Remeasuring

The process of adjusting financial statements to reflect fair values or changes in exchange rates, often used in foreign currency translation and in fair value accounting.

Financial Statements

Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Temporal Method

An accounting technique used to convert the financial statements of a subsidiary in a foreign currency to the parent company's reporting currency, using exchange rates based on the timing of the underlying transactions.