SCENARIO 5-13 Bell Computers Manufactures Personal Computers at Two Plants,one in Arkansas

question 106

Short Answer

SCENARIO 5-13
Bell Computers manufactures personal computers at two plants,one in Arkansas and one in Utah.The Arkansas plant has 50 employees;the Utah one has 40 employees.A random sample of 12 employees was selected to complete a job satisfaction questionnaire
-Using scenario 5-13,what is the probability that fewer than four or more than eight employees completing the questionnaire are from the Utah plant?

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Definitions:

S Corporation

A special designation for a corporation that allows income, losses, deductions, and credits to be passed through to shareholders for tax purposes.

Dual Purpose Corporation

A business entity designed to operate for both profit and to achieve a social or charitable goal.

General Partnership

A partnership in which the partners divide profits and management responsibility and share unlimited personal liability for the partnership’s debts.

Business Losses

Business losses are the negative financial impacts a business suffers, often reflected in its financial statements as expenses exceeding revenues.