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For a Bernoulli Process in Which the Number of Trials

question 99

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For a Bernoulli process in which the number of trials is large and the probability of success on any given trial is very small,the Poisson distribution can be used as an approximation to the binomial distribution.


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Expressing Opinion

The act of stating beliefs or judgments about something, commonly found in audits where an auditor states the fairness of financial statements.

Profit-oriented Business

A business entity that focuses primarily on generating profits or financial gains as its main objective.

Accounting

The systematic process of recording, measuring, and communicating financial information to help in making informed business decisions.

Total Liabilities

The aggregate of all debts and other legal obligations of an individual or company due to other entities.

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