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Suppose it is known that 60% of radio listeners at a particular college are smokers.A sample of 500 students from the college is selected at random.Approximate the probability that at least 280 of these students are radio listeners.
Outstanding Cheques
Checks that have been written and recorded by a company but have not yet been cleared or deducted from the bank account balance.
Bank Reconciliation
This is a process of matching and comparing an organization's financial records with the bank statements to ensure consistency and accuracy.
Deposits In Transit
Funds that have been recorded by a company but not yet by its bank, typically because the deposit was made after the bank's cutoff time.
Balance Per Bank
The amount of money a company's records show in its bank account, often reconciled with the bank's records for accuracy.
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