Which of the Following Items Is Not Likely to Be

question 149

Multiple Choice

Which of the following items is not likely to be considered an extraordinary item?

• A)Loss from an unexpected union strike.
• B)Condemnation of property by the city government.
• C)Loss of use of property due to a new and unexpected environmental regulation.
• D)Loss due to an earthquake in Florida.
• E)Expropriation of property by a foreign government.

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Definitions:

Standard Deviation

A parameter that identifies the scale of variation or dispersion among data values relative to their average.

Binomial Random Variables

A type of random variable that arises from Bernoulli trials and describes the number of successes in a fixed number of trials.

Normal Approximation

Normal approximation is a statistical method that involves approximating a binomial distribution to a normal distribution under certain conditions, facilitating easier calculations.

Positively Skewed

A distribution of data where most values are concentrated on the left side, with a long tail extending to the right.