THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING

question 180

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING:
On average,an RV sales lot sells six RVs per month.Assume the number of sales of RVs per month follows the Poisson distribution.
-What is the probability that exactly six RVs are sold next month?

• A)0.266
• B)0.508
• C)0.232
• D)0.161

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Definitions:

Debits

Entries that are made on the left side of an account, representing an increase in assets or expense accounts or a decrease in liability, equity, or revenue accounts.

Credits

Accounting entries that increase liabilities or decrease assets, representing the opposite of debits in the double-entry bookkeeping system.

Highly Leveraged

Describes a company or investment that has a high level of debt relative to equity, indicating a potentially higher risk and return profile.

Debt

An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date, usually with interest.