The Internal Auditing Staff of a Local Manufacturing Company Performs

question 25

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 delinquent more than 90 days overdue. The historical records of the company show that over the past 8 years, 14 percent of the accounts are 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)0.3186
• B)0.1814
• C)0.8186
• D)0.6372
• E)0.7584

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Definitions:

Embryos

Embryos are the early developmental stages of multicellular organisms following fertilization, before becoming fetuses.

Hypothesis

A hypothesis is a tentative explanation for an observation, phenomenon, or scientific problem that can be tested by further investigation or experimentation.

Tentative Explanation

A provisional hypothesis or theory proposed to explain an observation or phenomenon, subject to further investigation and testing.

Objective Observation

The process of gathering data or information through sensory input without bias or preconceived ideas influencing the perception.