The Binomial Distribution and the Normal Distribution Are Similar in a Number

question 145

Essay

The binomial distribution and the normal distribution are similar in a number of ways,although they are different distributions.What are the basic differences between the two distributions?

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Definitions:

Prepaid Assets

Expenses paid in advance which are recorded as assets because they provide future economic benefits to the company.

Trial Balance

A bookkeeping report that lists the balances in each of an organization's general ledger accounts at a specific time.

General Ledger

The primary accounting record of a company that contains all the financial accounts and transactions of a business.

Total Credits

The total value of all credit entries recorded in an accounting period, representing income or liabilities.