The Number of Bad Checks Received Per Day by a Store

question 44

Essay

The number of bad checks received per day by a store and the respective probabilities are shown below.

a.What is the expected number of bad checks received per day?
b.Determine the variance in the number of bad checks received per day.
c.What is the standard deviation?

Identify the role of communication in team dynamics and virtual teams.

Understand the impact of diversity and cultural aspects on communication.

Recognize the importance of communication technologies and social media in organizational settings.

Understand the concept of cultural competence in a global workplace.

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Definitions:

Decimal Places

The number of digits to the right of the decimal point in a number, indicating the precision or fraction part.

Percent

A part per hundred ratio, a way of expressing a number as a fraction of 100.

Decimal

A number representing a fraction or a whole number using a point to separate the whole part from the fractional part.

Fraction

A mathematical expression representing the division of one integer by another, written in the form \(a/b\).