Suppose 90% of Students in Some Specific College Have a Computer

question 81

True/False

Suppose 90% of students in some specific college have a computer at home and a sample of 40 students is taken.The probability that more than 30 of those in the sample have a computer at home can be approximated using the normal approximation.

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Definitions:

Net Sales

The amount of sales generated by a company after deductions for returns, allowances for damaged or missing goods, and discounts.

Accounts Receivable

Amounts owed to a business by its customers for goods or services that have been delivered but not yet paid for.

Receivables Turnover Ratio

A financial metric that measures how efficiently a company collects cash from credit customers.

Sales Returns

Goods returned by customers to the seller after the sale has occurred, typically due to defects or dissatisfaction.