Examlex
The owner of a fish market determined that the average weight for a rainbow trout is 3.2 kilograms with a standard deviation of 0.8 kilogram.Assuming the weights of rainbow trout are normally distributed,the probability that a randomly selected rainbow trout will weigh more than 4.4 kilograms is_________.
Debits
Accounting entries that increase assets or expenses or decrease liabilities, equity, or net worth in a company's balance sheet.
Credits
Credits refer to the accounting entries that can decrease assets or increase liabilities and equity on a company's balance sheet, opposite to debits.
Transactions
Financial events that affect the assets, liabilities, or equity of a company and can be measured in monetary terms.
Journal
A record where all financial transactions are entered initially, before being posted to individual accounts in the ledger, following the double-entry bookkeeping.
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