In an Ordinary 8-Hour Day, Roto-Drains Receives Calls for Emergency

question 124

Multiple Choice

In an ordinary 8-hour day, Roto-Drains receives calls for emergency service at an average rate of 1 per hour (otherwise, the calls appear to be random and independent) .The owner currently has a crew of technicians capable of handling up to (and including) nine emergencies per day.What is the probability that on a random day there are more calls than her crew can handle?

• A).2833
• B).2617
• C).3419
• D).2509
• E).2864

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Definitions:

Full-cost Method

An accounting practice where all direct and indirect costs of producing an asset are capitalized and then amortized over time.

IFRS

IFRS stands for International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is globally recognized for preparing financial statements.

GAAP

Widely recognized accounting norms and criteria in the U.S. that guide financial statements.

Property, Plant, Equipment

Long-term tangible assets used in the operation of a business and not expected to be converted to cash in the short term.