Examlex
Once the adjusted trial balance is complete,financial statements are prepared.
Probability of Success
The likelihood of achieving a desired outcome or event.
Binomial Distribution
A probability distribution that represents the number of successes in a set number of independent binary (success/failure) experiments.
Consecutive Trials
Successive attempts or tests carried out to achieve a particular result, where each trial follows the previous one without interruption.
Possible Outcomes
Refers to all the potential results that could occur from a specified event or experiment.
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