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The Binomial Random Variable X Consists of N = 60

question 66

Short Answer

The binomial random variable x consists of n = 60 trials and has the probability of failure q = 0.4.Using the normal approximation,compute the probability of 19 successes.

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Definitions:

Voucher System

An internal control system designed to control a company’s cash payments.

Stock Certificate

Formal document issued to investors in a corporation that shows the number of shares purchased.

Voucher System

A method of accounting in which each transaction is recorded through the use of a document, or voucher, ensuring expenditures are authorized and recorded accurately.

Paid Voucher File

Holds paid vouchers filed either in sequential order by voucher number or alphabetically by creditor’s name.

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