(I a Binomial Probability Distribution Approaches a Greater Degree of Symmetry

question 33

Multiple Choice

(i. A binomial probability distribution approaches a greater degree of symmetry as probability of
Success remains constant and the number of trials becomes larger or greater.
(ii. In a binomial experiment, the probability of a failure equals the probability of success.
(iii) In a binomial experiment, probability of success or failure remains constant from one trial to
Another.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (iii) are correct statements but not (ii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was put into use, reducing its book value on the balance sheet.

Loss on Disposal

An accounting term referring to the loss incurred when a fixed asset is sold or disposed of for less than its carrying amount on the books.

No Gain

Refers to a situation in financial or business transactions where there is no profit or increase in value.