Question
USING EXCEL 5. An accountant of an international company is working on a profit-and-loss report for the current fiscal year. The accountant reports that the
USING EXCEL
5. An accountant of an international company is working on a profit-and-loss report for the current fiscal year. The accountant reports that the company incurred a loss in 4 months out of the 12 months in the fiscal year. Let X be the number of months the company is suffering a loss in the next fiscal year. Discuss the adequacy of the model that X follows a binomial distribution with n = 12 and p = 4/12.
REQUESTING HELP ON EXCEL. Is this =POISSON.DIST
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
