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For Quality Control Purposes, a Company That Manufactures Sim Chips

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For quality control purposes, a company that manufactures sim chips for cell/smart phones routinely takes samples from its production process. Since it is important that These chips are nearly fault free, one inspection check involves using microscopic Equipment to count the number of imperfections on each chip. Suppose the average Number of imperfections per 1000 sim chips is 3. What is the probability that a sample of1000 sim chips has 2 imperfections?


Definitions:

Internal Control

A process designed to ensure the safety and efficiency of the financial operations of a company, along with compliance with laws and accuracy in reporting.

Sales Clerks

Employees responsible for assisting customers, processing transactions, and managing products within a retail environment.

Days' Sales Uncollected

Days' Sales Uncollected is a financial metric calculating the average number of days it takes a company to collect payments after a sale has been made.

Petty Cash Receipts

Petty cash receipts are documents that record small, immediate cash expenses incurred by a business, tracking the disbursement and replenishment of a petty cash fund.

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