The JO Supplies Company Buys Calculators from a Foreign Supplier

question 129

Essay

The J.O. Supplies Company buys calculators from a foreign supplier. The probability of a defective calculator is 10%.
-If 100 calculators are selected at random,what is the standard deviation of the number of defectives?

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Definitions:

Direct Expense

Costs that can be directly traced to a specific product, service, or department, and is a key factor in the cost of goods sold.

Indirect Expense

Costs that are not directly attributable to a specific cost object, such as a product or service.

Insurance

A contractual arrangement that provides financial protection or reimbursement against losses from an insurance company.

Contribution Margin

The difference between sales revenue and variable costs, indicating how much revenue contributes to covering fixed costs and generating profit.