Instruction 5-6 from an Inventory of 48 New Cars Being Shipped to Shipped

question 45

Short Answer

Instruction 5-6
From an inventory of 48 new cars being shipped to local dealerships,corporate reports indicate that 12 have defective radios installed.
-Referring to Instruction 5-6,what is the probability out of the 8 new cars it just received that,when each is tested,exactly half of the cars have defective radios?

---

Definitions:

Transaction Motive

Refers to the need to hold cash for the purpose of conducting daily business transactions and operations.

Lockbox System

A service provided by banks to process payments by collecting and depositing checks into the company's account quickly.

NPV

Net Present Value (NPV) is a method used in capital budgeting to determine the value of an investment by calculating the present value of expected future cash flows using a specific discount rate.

Cash Concentration Accounts

Bank accounts used by companies to concentrate cash from multiple accounts into one for efficient management and utilization.