While a Binomial Distribution Describes a Count Data That Can

question 96

Multiple Choice

While a binomial distribution describes a count data that can be classified into one of two mutually exclusive categories,______________________ distribution describes count data that is classified into more than two mutually exclusive categories.

• A)normal
• B)skewed
• C)uniform
• D)multinomial

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Definitions:

Fixed Overhead

Regular, unchanged costs incurred by a business for its operations regardless of varying levels of production, such as rent, salaries, and insurance.

Unused Capacity

The available resources or production capabilities that are not currently being utilized.

Activity-Based Costing

A method of costing that apportions indirect expenses and overhead to specific operations, enhancing the accuracy of product cost calculations.

Direct Labor-Hours

The total hours of work directly contributed by laborers to produce goods or services.