Instruction 6.8 A Company Has 125 Personal Computers. the Probability That Any

question 149

Short Answer

Instruction 6.8
A company has 125 personal computers. The probability that any one of them will require repair on a given day is 0.15.
-Referring to Instruction 6.8 and assuming that the number of computers that requires repair on a given day follows a binomial distribution,compute the probability that there will be no more than 8 computers that require repair on a given day using a normal approximation.

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Definitions:

Aggregate Demand

Total expression of need for goods and services within an economic environment, anchored at a specific total price level across a designated duration.

Aggregate Demand

The total amount of goods and services that all consumers, businesses, and government entities are willing and able to purchase at various price levels in an economy.

Tax Cut

A reduction in the amount of taxes imposed by the government, which can affect individual income, corporate profits, or specific goods and services, leading to potential increases in consumer spending or investment.

Aggregate Demand

The sum of desires for all goods and services in an economy, noted at a fixed wide-ranging price level over a predetermined period.