Which Probability Model Would You Use to Describe the Number

question 118

Multiple Choice

Which probability model would you use to describe the number of damaged printers in a random sample of 4 printers taken from a shipment of 28 printers that contains 3 damaged printers?

• A)Poisson
• B)Hypergeometric
• C)Binomial
• D)Uniform

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Definitions:

Collecting Cash

The process of receiving cash, usually from customers, as payment for goods or services or as repayment of obligations.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting its liquidity.

Financial Statements

Summarized records of a company's financial activities over a specific period, including income statement, balance sheet, statement of cash flows, and statement of changes in equity.

Operating Activities

Operating activities involve the day-to-day functions of a business related to producing and selling its goods or services, reflected in the cash flows from operating activities in financial statements.