Instruction 6-7 A Company Has 125 Personal Computers.The Probability That Any One

question 62

Short Answer

Instruction 6-7
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 6-7 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 less than 8 computers that require repair on a given day using a normal approximation.

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Definitions:

Direct Material

Raw materials directly utilized in the production of goods or services, whose costs are easily traceable to specific products.

Manufacturing Overhead

All indirect costs associated with the manufacturing process that are not directly attributable to a specific product, such as utilities and rent.

Predetermined Overhead Rate

A rate calculated by dividing estimated overhead costs by an allocation base, used to allocate overhead to products or services.

Direct Labour-Hours

The amount of time dedicated by employees for the manufacture of products, directly impacting production costs and efficiency.