Use Technology to Solve the Following Problem: at a Cell

question 21

Multiple Choice

Use technology to solve the following problem: At a cell phone assembly plant, 75% of the cell phone keypads pass inspection. A random sample of 110 keypads is analyzed. Find the probability That more than 78% of the sample keypads pass inspection.

• A) 0.7958
• B) 0.2337
• C) 0.7663
• D) 0.2042

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Definitions:

Source of Financing

The means through which funds are provided to businesses for operating capital or growth, including loans, investment, or earnings.

Float

Money tied up in the check-clearing process.

Check Clearing

Check clearing is the process through which banks verify and process the transfer of funds from the check issuer's account to the recipient's account, finalizing the transaction.

Transit Float

The time difference between when a payment is made and when it is available in the recipient's account.