If the Number of Defective Items Selected at Random from a Parts

question 36

Multiple Choice

If the number of defective items selected at random from a parts inventory is considered to follow a binomial distribution with n = 50 and p = 0.10, the standard deviation of the number of defective parts is:

• A) 5
• B) 4.5
• C) 45
• D) about 2.12

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Net Income

The net income of a business once all costs and taxes are subtracted from the total earnings.

Accumulated Depreciation

The total amount of an asset's cost that has been allocated as depreciation expense over the asset's useful life to date.

Income Statement

A financial document that shows a company's revenues, expenses, and net income over a specific period, displaying its profitability.

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