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.

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Definitions:

Closing Entry

An accounting transaction recorded at the end of an accounting period to transfer the balances of temporary accounts to permanent ones.

Capital

Refers to financial assets or the financial value of assets, such as funds held in deposit accounts and/or funds obtained from special financing sources.

Adjusted Trial Balance

A list of all accounts and their balances after adjusting entries have been made, used in preparing financial statements.