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

question 38

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 between 25 and 30 computers that require repair on a given day using a normal approximation.

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Definitions:

Voting Shares

Shares of a company's stock that grant the shareholder the right to vote on corporate matters such as the election of the board of directors.

Cash

A form of currency that includes coins and paper notes, which is used by individuals and companies to conduct transactions.

Fair Value

The funds received for unloading an asset or disbursed for handling a liability in a structured marketplace encounter on the date of valuation.

Consolidated Balance

The combined balance sheets of a parent company and its subsidiaries, providing a complete picture of the financial condition of the entire group.