-Use the Information Above to Answer the Following Question

question 105

Multiple Choice

-Use the information above to answer the following question.What is the ending balance of the Cash account?

• A) $219,300
• B) $113,300
• C) $28,500
• D) $134,500

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Definitions:

Probability

A numerical expression of the potential for a given event to take place, with values spanning from 0 to 1.

Binomial Experiment

An experiment with two outcomes (success and failure) for each trial, with a fixed number of trials and constant probability of success.

Successes

The occurrences of a defined outcome of interest in a series of trials or tests.

Hypergeometric Distribution

A discrete probability distribution that describes the probability of k successes in n draws, without replacement, from a finite population of size N that contains exactly K successes.