In probability and statistics , random variables are used to quantify outcomes of a random occurrence, and
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In probability and statistics, random variables are used to quantify outcomes of a random occurrence, and therefore, can take on many values. Random variables are required to be measurable and are typically real numbers. For example, the letter X may be designated to represent the sum of the resulting numbers after three dice are rolled. In this case, X could be 3 (1 + 1+ 1), 18 (6 + 6 + 6), or somewhere between 3 and 18, since the highest number of a die is 6 and the lowest number is 1.
- How can the concept of discount allowed in credit purchases be viewed and labeled in accounting books?
- What information about discount received is relevant for monitoring its application as income in accounting records?
- When only estimates need to be considered, how is the treatment of bad debts determined in accounting?
- What are the general and specific impacts on accounting records when there is an increase in provision for bad debts?
- What is depreciation in accounting, and what are its implications?
- In what way can depreciation be considered an expense due to external factors?
- What are the preliminary events that must occur for the reducing balance method of depreciation calculation?
- What is the primary goal for using revaluation methods of depreciation in accounting?
- What are the transactions or events that are recorded in accounting books as entries for the acquisition of a new asset?
- If the disposal account has a credit balance indicating a gain on disposal, how can this information be analyzed in accounting records?
Related Book For
Business Analytics Communicating With Numbers
ISBN: 9781260785005
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen
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