Suppose the Event Planner Assumes That 2

question 6

Essay

Suppose the event planner assumes that 2.8% of the children attending the event will be lactose intolerant so he orders 7 lactose-free meals. What is the approximate probability that more than 2.8% of the children attending the event are lactose intolerant and that he will not have enough lactose-free meals? Round to the nearest thousandth.

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Definitions:

Net Income

The conclusive profit figure for a company after all taxes, costs, and expenses are subtracted from its aggregate revenue.

Office Supplies

Consumable items such as pens, paper, staplers, and other materials that are used in an office setting for daily operations.

Ledger

A ledger is a principal book or computer file for recording and totaling economic transactions by account, separated into debits and credits.

Transaction

An agreement or exchange between parties that involves the transfer of goods, services, or funds.