Which Probability Distribution Is Appropriate When the Events of Interest

question 69

Multiple Choice

Which probability distribution is appropriate when the events of interest occur randomly, independently of one another, and rarely?

• A) binomial distribution
• B) Poisson distribution
• C) hypergeometric distribution
• D) any discrete probability distribution

---

Definitions:

Year 2

Refers to the second year of a specified time frame, often used in financial and academic contexts.

Accounts Receivable Turnover

A measure of how quickly a company collects cash from its credit sales.

Inventory Turnover

A ratio indicating how many times a company's inventory is sold and replaced over a specific period.

Year 2

A term that indicates the second year in a series, often used in financial and operational planning to distinguish between different time periods.