Discrete distributions are sometimes used as approximations of continuous distributions:
a. because they are more accurate
b. because they are simpler
c. when the mean and variance of the distribution are unknown
d. when the shape of the continuous distribution is not symmetric
b
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Frank Corporation purchased supplies at a cost of $15,000 during 2015 . At January 1, 2015, supplies on hand were $2,000 . At December 31, 2015, supplies on hand are $2,500 . Calculate supplies expense for 2015
a. $ 15,500 b. $ 14,500 c. $ 15,000 d. $ 17,000
Some governments provide to their citizens highly condensed financial information, budget summaries, and narrative descriptions. This report is called a(an)
A. Required supplementary information. B. Comprehensive annual financial report. C. Popular report. D. Basic financial statements.
Relinquishing cultural heritage and adopting the beliefs and behaviors of the new culture is known as ______.
A. avoidance B. marginalization C. assimilation D. separation
What is a back order?
A. The agreed upon time between the purchase of a product and the delivery of the product. B. The time it takes to manufacture a product and deliver it to the retailer. C. An unfilled customer order for a product that is out of stock. D. The frequency of inventory replacement.