SCENARIO 6-8 A Company Has 125 Personal Computers. the Probability That Any

question 233

Short Answer

SCENARIO 6-8
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 Scenario 6-8 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 more than 25
but less than 30 computers that require repair on a given day using a normal approximation.

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Definitions:

Appraised Value

The estimated monetary value of an asset determined by a qualified appraiser based on its condition and market trends.

Par Value

A nominal or face value assigned to a share of stock, often used in accounting to represent the minimum price at which shares can be issued.

Common Stock

Represents ownership shares in a corporation, giving holders voting rights and a dividend potential.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, representing how much of an asset's value has been used up.