What type of distribution models the number of occurrences of an event over a specified interval of time or space?
A Poisson Distribution
RATIONALE: A random variable follows a Poisson probability distribution if (1) the probability of an occurrence is the same for any two intervals (of time or space) of equal length; and (2) the occurrence or nonoccurrence in any interval (of time or space) is independent of the occurrence or nonoccurrence in any other interval.
You might also like to view...
In a job-order costing system, the net cost of normal spoilage is equal to
a. estimated disposal value plus the cost of spoiled work. b. the cost of spoiled work minus estimated spoilage cost. c. the units of spoiled work times the predetermined overhead rate. d. the cost of spoiled work minus the estimated disposal value.
Where on a product's packaging would one most likely find information such as nutrient content and country of origin?
A. on the store shelf display B. inside the primary package C. inside the secondary package D. on the company website E. on the product label
Which of the items below is sometimes termed hybrid equity financing?
A) Retained earnings B) Preferred stock C) Callable bonds D) Variable rate bonds
Direct writing insurance companies typically use independent agents to represent them in the sales process
Indicate whether the statement is true or false