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The accountant for Sparks Electric,Inc.failed to make an adjusting entry to record $3,000 of telephone expenses for the last two months of the year.Which of the following statements is true?
Poisson Distribution
A discrete probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space when these events occur with a known constant mean rate and independently of the time since the last event.
Null Hypothesis
A hypothesis in statistics that there is no significant difference or effect, often designated as H0, serving as the default assumption to be tested.
Observed Cell Counts
The actual number of observations or data points that fall into defined categories in a contingency table.
Probabilities
Refers to the likelihood of different outcomes in an uncertain event, usually expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.
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