Determine Whether the Given Procedure Results in a Binomial Distribution $$\mathrm { n } = 6 , \mathrm { x } = 3 , \mathrm { p } = \frac { 1 } { 6 }$$

question 188

Multiple Choice

Determine whether the given procedure results in a binomial distribution. If not, state the reason why.
- $$\mathrm { n } = 6 , \mathrm { x } = 3 , \mathrm { p } = \frac { 1 } { 6 }$$

• A) 0.032
• B) 0.054
• C) 0.029
• D) 0.015

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Definitions:

Overapplied

A scenario in which the overhead costs allocated are higher than the overhead costs that were actually incurred.

Standard Cost System

An accounting method that uses predetermined costs for valuing inventory and recognizes variances between these costs and actual costs.

Cost of Goods Sold

The primary costs involved in the production of goods a company deals in, including the expenses for materials and labor.

Variances

Differences between planned, budgeted, or standard costs and actual costs, used in performance measurement and control.