Examlex
A multiple choice exam offers four choices for each question. Paul just guesses the answers, so he has probability 1/4 of getting any one answer right.
What is the expected number of right answers Paul will get if the test has 20 questions?
Accounting
The systematic process of recording, measuring, and communicating financial information about economic entities.
Recording
The act of documenting financial transactions in the books of accounts as part of the accounting process.
Transactions
Financial events that affect the assets, liabilities, or equity of a company, recorded in its accounting system.
Accounting
The systematic process of recording, measuring, and communicating information about financial transactions.
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