Which of the following is not a correct statement?
a. The exponential distribution describes the Poisson process as a continuous random variable.
b. The exponential distribution is a family of curves, which are completely described by the mean.
c. The mean of the exponential distribution is the complement of the mean of the Poisson.
d. The Poisson is a probability distribution or a discrete random variable while the exponential distribution is continuous.
e. All of these are correct.
C
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A(n) ________ refers to a memory tool to encode difficult-to-remember information in a way that is much easier to remember.
A. advanced organizer B. concept map C. mnemonic D. meta-cognitive strategy
Most tort suits are filed in:
a. municipal courts b. federal courts c. appellate courts d. small claims courts e. none of the other choices are correct
Farthington Soccer Supplies purchases merchandise from a supplier on credit, terms 2/10, n/30 for $15,300. Assume the company uses a perpetual inventory system, and records purchases using the gross method. When recording the purchase transaction in its purchases journal, Farthington would enter:
A. $14,994 in the Inventory Dr. column and $14,994 in the Accounts Payable Cr. column. B. $15,300 in the Inventory Dr. column, $14,994 in the Accounts Payable Cr. column, and $306 in the Purchase Discount Cr. column. C. $15,300 in the Accounts Payable Cr. column and $15,300 in the Supplies Dr. column. D. $15,300 in the Other Accounts Dr. column and $15,000 in the Inventory Cr. column. E. $15,300 in the Accounts Payable Cr. column and $15,300 in the Inventory Dr. column.
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating income of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%.The division's turnover is closest to:
A. 3.20 B. 13.16 C. 4.22 D. 0.32