Estimate the Indicated Probability by Using the Normal Distribution as an Approximation

question 219

Multiple Choice

Estimate the indicated probability by using the normal distribution as an approximation to the binomial distribution.
-The probability that a radish seed will germinate is 0.7. Estimate the probability that of 140 randomly selected seeds, exactly 100 will germinate.

• A) 0.9331
• B) 0.0669
• C) 0.0769
• D) 0.0679

Develop skills in what-if analysis and goal seeking for decision making based on data variables.

Understand the accounting methods used for uncollectible accounts and the reasons for their use.

Discover the principles and calculations involved in the accounts receivable turnover and its significance.

Recognize the different treatment of accounts receivable, notes receivable, and the use of allowance for doubtful accounts.

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Definitions:

Salvage Value

The estimated residual value of an asset after its useful life has ended.

Marriage Penalty

In the tax system, the phenomenon that a two-income married couple pays more tax than the sum of two single people making the same money.

Two-Income Married Couples

Households in which both spouses earn income from employment.

Taxes

Mandatory financial charges or other types of levies imposed upon a taxpayer by a governmental organization.