Bottomline Ink, a Forms Managementcompany, Fills 100 Orders a Day

question 22

Multiple Choice

Bottomline Ink, a forms managementcompany, fills 100 orders a day with a 2% error rate in the completed orders. Assume this to be a binomial distribution. What is the probability that there will be more than 5 order errors in a given day?

• A) 0.0062
• B) 0.4838
• C) 0.9838
• D) 2.1428

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Definitions:

Appreciation

An increase in the value of one currency relative to another currency.

Nanotechnology

The science and technology of creating and utilizing materials, devices, and systems by manipulating matter at the nanometer scale.

Economic Growth

An increase in the production of goods and services in an economy over a period, often measured as the percent rate increase in real gross domestic product (GDP).

Foreign Exchange Market

A global decentralized or over-the-counter market for the trading of currencies, enabling currency conversion for international trade and investment.