An Observed Frequency Distribution Is as Follows $\begin{array}{l|ccc}\text { Number of successes } & 0 & 1 & 2 \\\hline \text { Frequency } & 47 & 98 & 55\end{array}$

question 9

Essay

An observed frequency distribution is as follows: $\begin{array}{l|ccc}\text { Number of successes } & 0 & 1 & 2 \\\hline \text { Frequency } & 47 & 98 & 55\end{array}$
i) Assuming a binomial distribution with $\mathrm { n } = 2$ and $\mathrm { p } = 1 / 2$ , use the binomial formula to find the probability corresponding to each category of the table.
ii) Using the probabilities found in part (i), find the expected frequency for each category.
iii) Use a $0.05$ level of significance to test the claim that the observed frequencies fit a binomial distribution for which $\mathrm { n } = 2$ and $\mathrm { p } = 1 / 2$ .

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Transfer of Accounts Receivable

The process of selling or assigning the right to collect on outstanding invoices to another party.

Transferee

An individual or entity that receives the transfer of assets, rights, or interests from another party.

Transferor

The entity or person that transfers assets, obligations, or rights to another party.

Allowance Method

An accounting technique that estimates and deducts accounts receivable that are not expected to be collected to better represent net realizable values.