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

question 51

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 25 or more than 30 computers that require repair on a given day using a normal approximation.

---

Definitions:

Return on Investment

The ratio of net profit to cost of investment, indicating the efficiency of an investment in generating profit.

Responsibility Level

The scope of authority and accountability designated to individuals or departments within an organization, often related to budgeting and costs.

Controllable Costs

Costs that can be influenced or changed by management decisions in the short term.

Master Budget

A comprehensive financial planning document that consolidates all of a company’s individual budgets, including sales, production, and expenses, for a specific period.