The Hypergeometric Probability Distribution Is Used Rather Than the Binomial

question 75

Multiple Choice

The hypergeometric probability distribution is used rather than the binomial or the Poisson when:

• A) the sampling is performed with replacement.
• B) the sampling is performed without replacement from an infinite population.
• C) the sampling is performed without replacement from a finite population.
• D) the sampling is performed with replacement from a finite population.

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Definitions:

Financial Statements

Formal records that outline the financial activities and condition of a business, including the balance sheet, income statement, and cash flow statement.

Unusual Item

A significant transaction or event that is infrequent in nature, distinct from the ordinary activities of the business.

Current Operations

Relates to the primary activities that a business performs to earn revenue within its normal business cycle.

Accounting Methods

Systems that companies use to record their financial transactions, such as cash basis and accrual basis accounting.