To compute the probability that in a random sample of n elements, selected without replacement, we will obtain x successes, we would use the
a. binomial probability distribution
b. Poisson probability distribution.
c. hypergeometric probability distribution.
d. exponential probability distribution.
c
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Peters and Waterman’s book was entitled In Search of ______.
a. Wisdom b. Nirvana c. Excellence d. The Holy Grail
________ is the number of magazine copies distributed to original subscribers or purchasers.
A. Pass-along circulation B. Guaranteed circulation C. Total circulation D. Tangential readership E. Primary circulation
The upside capture measure is always less than one hundred percent
Indicate whether the statement is true or false
Northwest Fur Co. started 2021 with $94,000 of merchandise inventory on hand. During 2021, $400,000 in merchandise was purchased on account with credit terms of 1/15, n/45. All discounts were taken. Purchases were all made f.o.b. shipping point. Northwest paid freight charges of $7,500. Merchandise with an invoice amount of $5,000 was returned for credit. Cost of goods sold for the year was $380,000. Northwest uses a perpetual inventory system.What is ending inventory assuming Northwest uses the gross method to record purchases?
A. $112,490. B. $120,300. C. $112,550. D. $116,500.