Which of the Following Description of XBRL Is True

question 30

Multiple Choice

Which of the following description of XBRL is true?

• A)XBRL is a new technology that yet to be made a practical reality.
• B)XBRL adds meaning to data so that other applications know what the data represents and how it should be treated
• C)XBRL is fundamentally different from HTML.
• D)A standard set of XBRL tags is not available yet.

Calculate probabilities using both the binomial formula and approximations like the Poisson approximation.

Analyze and interpret the results within the context of real-world scenarios.

Understand the application of statistical theories such as Tchebysheff's Theorem and the Empirical Rule.

Understand the criteria for a variable to have an approximate binomial distribution.

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Definitions:

Mutually Exclusive

Two events that cannot occur at the same time, implying that the occurrence of one event precludes the occurrence of the other.

Collectively Exhaustive

Refers to a set of events that covers all possible outcomes, ensuring that no possibilities are left out.

Equally Likely

A term used in probability to describe outcomes that have the same chance of occurring.

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1.