THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 62

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
On average,you receive 2.6 pieces of junk mail a day.Assume that the number of pieces of junk mail you receive each day follows the Poisson distribution.
-What is the expected number of pieces of junk mail you receive daily?

• A)6.76
• B)1.61
• C)3.22
• D)2.60

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Definitions:

Buyer Returns

Goods returned by the buyer to the seller due to defects, dissatisfaction, or other reasons, impacting the seller's revenue and inventory levels.

Perpetual Inventory System

An inventory management system that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Merchandise Inventory

Refers to the goods a company intends to sell to customers that are purchased from suppliers or manufactured.

Accounts Payable

Accounts Payable is a liability account on a company's balance sheet representing money owed to creditors for goods and services purchased on credit.