The Probability That a Student Will Pass an Exam on Any

question 12

Multiple Choice

The probability that a student will pass an exam on any trial is 0.7. What is the standard deviation of the number of trials needed to pass the exam?

• A) 0.540
• B) 0.548
• C) 0.782
• D) 0.880
• E) 0.002

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Definitions:

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

Adjusted Trial Balance

A list of all accounts and their balances after adjustments have been made for errors, accruals, and deferrals in the accounting period.

Closing Entries

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, helping to prepare the books for the next period.

Reversing Entries

Journal entries made at the beginning of an accounting period to reverse certain adjusting entries made in the previous period.