Bottomline Ink, a Forms Management Company, fiLls 100 Orders a Day

question 88

Multiple Choice

Bottomline Ink, a forms management company, fills 100 orders a day with a 2% error rate in the
Completed orders. Assume this to be a binomial distribution. What is the probability that there will
Be more than 5 order errors in a given day?

• A) 0.0155
• B) 0.4838
• C) 0.9838
• D) 2.1428

---

Definitions:

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.

Quantity Demanded

Quantity demanded refers to the specific amount of goods or services consumers are willing to purchase at a given price point, ceteris paribus (all other factors being equal).

Quantity Demanded

Quantity demanded is the amount of a good or service that consumers are willing and able to purchase at a given price within a specific time frame.

Demand

The total amount of goods or services that consumers are willing and able to purchase at a given price over a specified period of time.