(I a Binomial Probability Distribution Approaches a Greater Degree of Symmetry

question 48

Multiple Choice

(i. A binomial probability distribution approaches a greater degree of symmetry as probability of success remains constant and the number of trials becomes larger or greater. (ii) In a binomial experiment, the probability of a failure equals (1 - probability of success) .
(iii) In a binomial experiment, probability of success or failure remains constant from one trial to another.

• A) (i), (ii), and (iii) are all correct statements.
• B) (i) is a correct statement but not (ii) or (iii).
• C) (i) and (ii) are correct statements but not (iii).
• D) (ii) and (iii) are correct statements but not (i).
• E) (i), (ii), and (iii) are all false statements.

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Definitions:

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating the company's financial performance over a period.

Consolidation Entry TI

A specific type of journal entry made during the consolidation process to integrate the financial activities of a parent company and its subsidiaries.

Consolidation Entry G

An accounting entry used in consolidation to eliminate the effects of intercompany transactions among entities within a consolidated group for external reporting.

Wholly Owned Subsidiary

A company whose entire share capital is held by another company, making it a completely controlled entity of the parent company.