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Exhibit 5-8
The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two-time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3.
-Refer to Exhibit 5-8. The probability that there are less than 3 occurrences is
Trial Balance
A bookkeeping report that lists the balances of all ledgers in two columns, debits and credits, to verify that total debits equal total credits.
Note Receivable
A written promise to pay a specified amount of money, along with interest, by a certain date, recognized as an asset on the balance sheet.
Fiscal Year
A one-year period that companies and governments use for accounting purposes and preparation of financial statements, which may or may not align with the calendar year.
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