The variance Var(x) for the binomial distribution is given by equation
A. np(n - 1).
B. np(1 - np).
C. n(1 - p).
D. np(1 - p).
Answer: D
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Craig's sales manager has just told the group that all sales in the month of September will earn an extra 5% commission. The team gets right to work, being motivated by a(n)
A. intrinsic reward. B. physiological need. C. high need for power. D. extrinsic reward. E. hygiene factor.
Which of the following statements is false?
a. Favorable variances are recorded in the general journal as debits and unfavorable variances are recorded as credits. b. Variances are closed out at the end of each accounting period. c. Only standard costs are recorded in the inventory accounts. d. A variance is the difference between an actual cost and a standard cost.
In __________, employees are paid according to the number of units they produce.
A. hourly work B. piecework C. commission D. production work
A high P/E ratio may be an indication that a stock is overpriced
Indicate whether the statement is true or false.