TABLE 6-1 A Company Has 125 Personal Computers. the Probability That Any

question 65

Short Answer

TABLE 6-1
A company has 125 personal computers. The probability that any one of them will require repair on a given day is 0.15.
-Referring to Table 6-1 and assuming that the number of computers that requires repair on a given day follows a binomial distribution, compute the probability that there will be no more than 8 computers that require repair on a given day using a normal approximation.

---

Definitions:

Indirect Method

A method used in cash flow statements to adjust net income for non-cash transactions and changes in working capital to calculate cash flow from operating activities.

Indirect Method

A way of preparing the cash flow statement where net income is adjusted for changes in balance sheet accounts to calculate cash flow from operating activities.

Inventory Adjustment

Inventory adjustment is the process of altering the book value of inventory to match the actual physical inventory, accounting for discrepancies, losses, or damages.

Common Stock

A type of equity security that represents ownership in a corporation, entitling the holder to vote on corporate matters and receive dividends.