Which of the following is NOT a characteristic of an experiment where the binomial probability distribution is applicable?
a. The experiment has a sequence of n identical trials.
b. Exactly two outcomes are possible on each trial.
c. The trials are dependent.
d. The probabilities of the outcomes do not change from one trial to another.
c
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What are the three types of private employment agencies? What are the differences between the three?
What will be an ideal response?
[The following information applies to the questions displayed below.]Assume that a pet food manufacturer is considering adding two types of pet food to its existing product line. Research had determined that good demand exists for dog food in 40-pound bags and cat food in 0.5 pound cans.The company identified the following partial list of activities, costs, and activity drivers expected for the next year: ActivityExpected CostsCost DriverMaterial handling$105,000 Number of batches madeStorage costs$820,000 Weight of finished product Dog FoodCat FoodProduction volume 100,000units 200,000unitsBatches made 200batches 150batchesHow much overhead cost will be assigned to each unit of product using activity-based costing (ABC)?
A. Dog food: $2.64; cat food: $2.64. B. Dog food: $0.12; cat food: $3.85. C. Dog food: $0.26; cat food: $8.60. D. Dog food: $4.62; cat food: $4.62. E. Dog food: $8.60; cat food: $0.33.
The accounting process begins with:
A. Preparing financial statements and other reports. B. Preparation of the trial balance. C. Presentation of financial information to decision-makers. D. Analysis of business transactions and source documents. E. Summarizing the recorded effect of business transactions.
Kodak had evidently recognised the need for a transformational strategy by 1990. Since that time it has survived, but even its greatest supporters would surely not claim success. Explore the proposition that its transformation strategy was sound, but fundamentally compromised by incompetent implementation. Identify the key mistakes that it made.
What will be an ideal response?