On January 1, 2010, Cary Parsons established a catering service. Listed below are accounts she would like to open in the general ledger. List the accounts in the order in which they should appear in the ledger and propose a two digit account numbering scheme that is consistent with the rules of a proper chart of accounts.
Definitions:
Standard Deviation
An index of variability that quantifies the spread of a set of numbers or the dispersion from the average.
Exponential Distribution
The exponential distribution is a continuous probability distribution that describes the time between events in a Poisson process, where events occur continuously and independently at a constant average rate.
Exponentially Distributed
It refers to a type of continuous probability distribution that describes the time between events in a Poisson point process, where events occur continuously and independently at a constant average rate.
Parameter λ
A specific numerical or symbolic constant used in mathematics and statistics to represent a characteristic or value in a general function or equation.
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