After Several Weeks of Compiling Data You Determine That 36

question 14

Short Answer

After several weeks of compiling data you determine that 36% of emails that you receive are spam-
emails while the remaining 64% are not. Suppose that you receive 2500 emails in a week, what is the
probability that less than 876 of the emails are spam-emails? Give your answer as a percentage.

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Definitions:

NSF Check

A check that cannot be processed due to insufficient funds in the account it's drawn against, resulting in a non-sufficient funds status.

Debit Memo

A document issued by a buyer to a seller indicating a debit made in the seller's account, often due to returns, allowances, or discrepancies in billing.

Bank Reconciliation

Bank reconciliation is the process of matching and comparing the balances in an entity’s accounting records for a cash account to the corresponding information on a bank statement.

Deposits In Transit

Refers to cash and checks that have been received and recorded by an entity but have not yet been deposited in the bank account.