What Type of Probability Distribution Will Most Likely Be Used

question 89

Multiple Choice

What type of probability distribution will most likely be used to analyse the number of chocolate chip parts per biscuit in the following problem? The quality control manager of Marilyn's Biscuits is inspecting a batch of chocolate chip biscuits.When the production process is in control,the average number of chocolate chip parts per biscuit is 6.0.The manager is interested in analysing the probability that any particular biscuit being inspected has fewer than 5.0 chip parts.

• A) Binomial distribution.
• B) Poisson distribution.
• C) Hypergeometric distribution.
• D) None of the above.

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Definitions:

Net Operating Income

The profit generated from a company's core business operations, excluding expenses and revenues from non-operating activities.

Net Operating Income

A measure of a company's or property's profitability after subtracting all operating expenses from the revenue generated from operations.

Planning Budget

is a financial plan developed based on projected activity levels and expected revenues and expenses, providing a framework for future operations.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity, allowing for more accurate financial planning and analysis.