The number of customers making a purchase out of 30 randomly selected customers has a Poisson distribution

Indicate whether the statement is true or false


F

Business

You might also like to view...

Which of the following would be an example of a direct materials cost?

A) windshield on a new automobile B) nails used to construct a new house C) glue used to build cabinets D) solder used to manufacture televisions

Business

An exception that has been declared must be referred to in the RAISE statement or a PL/SQL error will occur.

Answer the following statement true (T) or false (F)

Business

Milton and Rocco are having a heated debate regarding a national sales tax. Milton argues that a national sales tax is a proportional, vertically equitable tax. Rocco argues that a national sales tax would be a regressive, vertically inequitable tax. Explain both sides of the argument.

What will be an ideal response?

Business

Victory Company purchases office equipment at the beginning of the year at a cost of $15,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 7 years with a $1,000 salvage value. The journal entry to record the first year's depreciation is:

A. Debit Accumulated Depreciation $2,143; credit Office Equipment $2,143. B. Debit Office Equipment $2,000, credit Accumulated Depreciation $2,000. C. Debit Depreciation Expense $2,000, credit Office Equipment $2,000. D. Debit Depreciation Expense $2,143, credit Accumulated Depreciation $2,143. E. Debit Depreciation Expense $2,000, credit Accumulated Depreciation $2,000.

Business