THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 30

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
Suppose you know that the number of complaints coming into a phone center averages 4.2 every ten minutes.Assume that the number of calls follows the Poisson distribution.
-The listing of all possible outcomes of an experiment and their corresponding probability of occurrence is called a(n) :

• A)random variable.
• B)objective probability.
• C)probability distribution.
• D)hypergeometric function.

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Definitions:

Credit Memo

A credit memo is a document sent by a seller to a buyer, reducing the amount that the buyer owes under the terms of an earlier invoice.

Bank Service Charge

Fees charged by banks for the use of their services, such as account maintenance fees, non-sufficient funds (NSF) fees, and transaction fees.

Adjusting Journal Entries

Entries made in accounting records at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

NSF Check

A check that cannot be processed due to insufficient funds in the account of the drawer, commonly known as a bounced check.