An Example of a Binomial Variable Includes

question 66

Multiple Choice

An example of a binomial variable includes

• A)time (in seconds)
• B)weight (in pounds)
• C)sex (male,female)
• D)all of the above

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Definitions:

Gross Sales

The total sales revenue from goods or services before any deductions for returns or discounts.

Direct Expense

Expenses that can be directly attributed to the production of specific goods or services, such as materials and labor.

Sales Salaries

Compensation paid to employees directly involved in the sales function of a business, typically comprising both base salary and commissions.

Administrative Expense

Expenses related to the general operation of a business, including salaries of executive personnel, accounting and legal services, and insurance.