Which of the Following Statements Is the Most Accurate About

question 86

Multiple Choice

Which of the following statements is the most accurate about a binomial random variable?

• A) It has a bell-shaped distribution.
• B) It is a continuous random variable.
• C) It counts the number of successes in a given number of trials.
• D) It counts the number of successes in a specified time interval or region.

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Definitions:

Net Method

A technique for accounting where discounts for early payment are assumed to be taken and recorded as such.

Returned Merchandise

Items that have been sold and subsequently returned by the customer to the seller due to defects, dissatisfaction, or other reasons.

Inventory Returns Estimated

An estimate of the value of goods that are anticipated to be returned by customers, used for accounting and inventory management purposes.

Sales Refund Payable

A liability account representing the amount that a company expects to refund to customers for returned products.