Which of the Following Is a Requirement for Use of the Hypergeometric

question 79

Multiple Choice

Which of the following is a requirement for use of the hypergeometric distribution?

• A) Only 2 possible outcomes.
• B) Trials are independent.
• C) Probability of a success is greater than 1.0.
• D) Only 2 possible outcomes and trial are independent.

---

Definitions:

Accounts Payable

A liability to a creditor, carried on an open account, usually for purchases of goods and services.

LIFO Retail Inventory Method

An accounting technique that values inventory on the assumption that the last items placed in inventory are sold first, specifically applied to retail settings.

Ending Inventory

The value of goods available for sale at the end of an accounting period, calculated by adding purchases to beginning inventory and subtracting cost of goods sold.

Net Markups

The amount by which the price of a security is increased above its initial offering price to the public, after deducting any fees or commissions.