Provide an Appropriate Response

question 44

Multiple Choice

Provide an appropriate response.
-Three random variables X, Y, and Z, are described below. In which of these situations would it be acceptable to use the binomial distribution?
A: A bag contains 4 blue marbles and 8 red marbles. Five marbles are drawn at random with
Replacement. The random variable X is the number of blue marbles drawn.
B: A bag contains 4 blue marbles and 8 red marbles. Six marbles are drawn at random without
Replacement. The random variable Y is the number of blue marbles drawn.
C: A bag contains 30 blue marbles and 38 red marbles. Three marbles are drawn at random without Replacement. The random variable Z is the number of blue marbles drawn.

• A)A only
• B)B and C
• C)A, B, and C
• D)A and C

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Definitions:

Revenues

Inflows of assets or settlements of liabilities from the company's primary operations, typically from sales of goods or services.

Debits

Accounting entries that increase assets or expenses or decrease liabilities, equity, and revenue.

Double-entry Accounting System

An accounting technique which records each transaction as both a credit and a debit in different accounts, ensuring the accounting equation remains balanced.

Journal

A record where all financial transactions are initially documented in chronological order.