The Internal Auditing Staff of a Local Manufacturing Company Performs

question 30

Multiple Choice

The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are more than 90 days overdue (delinquent) .The historical records of the company show that over the past 8 years,the average has been that 14 percent of the accounts have been delinquent.For this quarter,the auditing staff randomly selected 250 customer accounts.What is the probability that at least 30 accounts will be classified as delinquent?

• A)31.86%
• B)18.14%
• C)81.86%
• D)63.72%
• E)75.84%

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Definitions:

Learning Styles

The preferred ways in which individuals process information and learn, including visual, auditory, reading/writing, and kinesthetic modalities.

Less Lateralized

Referring to brain functions that show a more balanced involvement of both hemispheres, as opposed to strong dominance by one.

Ways of Knowing

Various means by which human beings acquire knowledge, including sense perception, reason, emotion, faith, imagination, intuition, memory, and language.

Sensorimotor

Pertaining to the combined processes of sensory perception and motor action.