Examlex
The probability that a call received by a certain switchboard will be a wrong number is 0.02.Use the Poisson approximation to the binomial distribution to find the probability that among 140 calls received by the switchboard,there are at least two wrong numbers.
Equity Method
An accounting technique used to assess the investments in other companies where the investor has significant influence but not full control.
Patent
A form of intellectual property right that grants the patent holder exclusive rights to an invention for a certain time period, preventing others from making, using, selling, or distributing the patented invention without permission.
Significant Influence
A level of control in an investment, usually signifying the ability to participate in financial and operating policy decisions of the investee without having full control.
Equity Method
An accounting technique used to record investments in associate companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's net profits or losses.
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