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Estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution.
-In one county, the conviction rate for speeding is 85%. Estimate the probability that of the next 100 speeding summonses issued, there will be at least 90 convictions.
Profit Centre
A business unit or department within an organization that is responsible for generating its own revenue and profit.
Cost-Plus Transfer Price
A pricing method where the selling price of a product is determined by adding a specific markup to the product's cost.
Market-Price Transfer
A pricing method used in transactions between divisions of the same company, based on prevailing market prices.
Durian Juice Concentrate
A thick, reduced extract of durian fruit, used as a base for beverages, flavoring, or food products.
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