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

question 161

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 25 or more than 30 computers that require repair on a given day using a normal approximation.

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Definitions:

Uncertain Conditions

Situations where the outcomes or future states are not predictable due to a lack of information or inherent variability in the environment.

Entrepreneurship

The act of creating, developing, and managing a business venture along with its financial risks in order to profit and innovate within the market.

Quickly Sense

The ability to rapidly perceive or deduce information from a given situation or environment.

Self-punishment

The act of inflicting punishment on oneself as a response to feelings of guilt or failure.