Wednesday
May 22, 2013

Homework Help: Math

Posted by Justina on Sunday, August 7, 2011 at 8:36pm.

Records show that 29% of all payments to a mail-order company are submitted after the due date. Suppose 50 payments are submitted this week. Let r be a random variable that represents the number of payments that are late. Use the normal approximation to the binomial to estimate P(r > 20).
a. 0.0307
b. 0.0594
c. 0.9406
d. 0.9564

Using the information from problem, use the normal approximation to the binomial to estimate P(20< r< 25).
a. 0.0591
b. 0.0585
c. 0.0431
d. 0.0304

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Statistics - Records show that 29% of all payments to a mail-order company are ...
Business Law - Assume that federal health investigators are pursuing a report ...
math(simple interest) - A $9,000 loan is to be repaid in three equal payments ...
accounting - The lag between purchase date and the date at which payment is due ...
Accounting - If a company erroneously records a $500 deposit as $50 in its ...
math - a small mail order company earns a 15% profit on all sales. if the ...
accounting - Y company offers its customers credit of 2/10,n 30. Most customers ...
statistics - 1. The time required to complete a project is normally distributed ...
accounting - Can anyone help me with this? At Idaho Company checks are not ...
statistics - Late payment of medical claims can add to the cost of health care. ...

For Further Reading

Search
Members
Community