TABLE 6-7 A Company Has 125 Personal Computers. the Probability That Any

question 168

Short Answer

TABLE 6-7
A company has 125 personal computers. The probability that any one of them will require repair on a given day is 0.15.
-Referring to Table 6-7 and assuming that the number of computers that requires repair on a given day follows a binomial distribution, compute the probability that there will be less than 8 computers that require repair on a given day using a normal approximation.

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operational costs, have been deducted from total revenue.

Variable Costs

Expenses that vary directly with the level of production or service delivery.

Fixed Costs

Fixed outgoings, including rent, salaries, and insurance, that are unaffected by production or sales volumes.

Net Income

The total earnings or profit of an individual or business after deducting expenses and taxes.