Choose the One Alternative That Best Completes the Statement or Answers

question 345

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A grocery store normally sells 8 jars of caviar per week. Use the Poisson Distribution $\mathrm { P } ( \mathrm { x } ) = \frac { 8 ^ { \mathrm { x } } \mathrm { e } ^ { - 8 } } { \mathrm { x } \text { ! } }$ to find the probability (to three decimals) of selling 3 jars in a week. $( x ! = x \cdot ( x - 1 ) \cdot ( x - 2 ) \cdot \ldots \cdot ( 3 ) ( 2 ) ( 1 ) )$ .

• A) \(0.057\)
• B) \(0.019\)
• C) \(0.086\)
• D) \(0.029\)

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Definitions:

Cash Receipts Journal

A dedicated financial journal that tracks all cash inflows or money received by a business.

Sales Journal

An accounting ledger in which sales of services or goods on credit are recorded, also known as the sales book.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts.

Unearned Rent

Income received by a landlord for rent that has been paid in advance, which is considered a liability until the period it pertains to occurs.