One of the characteristics of the binomial distribution is that the probability of success for each trial depends on whether the previous trial was a success or not

A coal company invest $12 million in a mine estimated to have 20 million tons of coal and no salvage value. It is expected that the mine will be in operation for 5 years. In the first year, 1,000,000 tons of coal are extracted and sold. What is the depletion expense for the first year?

A. $600,000 B. $240,000 C. $60,000 D. cannot be determined from the information provided

Ethical decisions guided by underlying ___________ of individuals

Fill in the blank(s) with the appropriate word(s).