Suppose the Probability of a Power Outage at a Nuclear

question 268

Multiple Choice

Suppose the probability of a power outage at a nuclear power plant on a single day is the same every day of the year.Also,the probability of having a power outage on a single day does not increase or decrease the probability of a power outage on another day.Which of the following distributions would you use to determine the probability that a power outage will occur next Monday?

• A)Binomial distribution.
• B)Poisson distribution.
• C)Normal distribution.
• D)Hypergeometric distribution.

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Definitions:

Closing Entries

Journal entries made at the end of an accounting period to transfer the balances of temporary accounts to permanent accounts, thereby preparing the books for the next period.

Owner's Drawings

The amount of money taken from the business by the owner for personal use, not considered a business expense.

Sales Revenue

A company's total income from product sales or service charges prior to the deduction of any operational expenses.

Gross Profit Rate

A profitability ratio that compares gross profit to net sales, reflecting the efficiency of a company in managing its production and labor costs.