Good CDs Brian Is a Systems Manager for a Large

question 2

Essay

Good CDs Brian is a systems manager for a large company. In his work, he has found that
about 5% of all CDs he orders are bad. He needs to give one of the executives at his
company five good CDs. Conduct a simulation to estimate how many CDs Brian will have
to check to get five good CDs for the executive.
a. Describe how you will use a random number table to conduct this simulation.
b. Show three trials by clearly labeling the random number table given below. Specify the
outcome for each trial. $$\begin{array} { | c | c | c | } \hline \text { Trial } & \text { Simulation } & \text { Outcome } \\\hline \# 1 & 03242506921897728370 & \\\hline \# 2 & 78695214028552581183 & \\\hline \# 3 & 60809067653999681915 & \\\hline\end{array}$$
c. State your conclusion.

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Definitions:

Financial Information

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Constraints

Limitations or restrictions that can affect the course of action or outcomes in a specific situation.

IASB/FASB Boards

The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) are organizations that develop and promulgate accounting standards.

Enhancing Characteristics

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