SCENARIO 6-7 A Company Has 125 Personal Computers.The Probability That Any One

question 17

Short Answer

SCENARIO 6-7
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 Scenario 6-7 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:

Trust Fund

A legal entity created to hold assets for the benefit of specific individuals or organizations, managed by a trustee.

Hold-Back

The retention of a part of the contract price by the owner as required under construction lien legislation to ensure payment of subcontractors and suppliers of materials.

Suppliers Of Goods And Services

Entities or individuals that provide the market with products or perform tasks as a business.

Property Owner

The individual or entity that holds legal title to or ownership of a property, including real estate or personal property.