Two percent of the parts produced by a machine are defective. Twenty parts are selected at random. Use the binomial probability tables to answer the following questions.
a.What is the probability that exactly 3 parts will be defective?b.What is the probability that the number of defective parts will be more than 2 but fewer than 6?c.What is the probability that fewer than 4 parts will be defective?d.What is the expected number of defective parts?e.What is the variance for the number of defective parts?
What will be an ideal response?
| a. | 0.0065 |
| b. | 0.0071 |
| c. | 0.9974 |
| d. | 0.4 |
| e. | 0.392 |
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Ann Co uses the dollar-value LIFO retail method. The beginning inventory, purchased when the price index was 100, had a retail value of $4,000 and a cost of $3,600. During the period, purchases amounted to $60,000 at retail ($52,800 at cost). Sales amounted to $56,300. The year-end price index was 110. What is the cost of ending inventory?
A) $6,240 B) $6,504 C) $6,570 D) $6,900
Three types of goals-common, shared, and ________-may facilitate the development of integrative agreements.
Fill in the blank(s) with the appropriate word(s).
ROI, residual income, and economic value added all represent performance measures that can be utilized to determine investment center performance
Indicate whether the statement is true or false
Documents with a sequence of long paragraphs may not be very readable, but too many short paragraphs make a document _____________________________
a. long and boring b. unofficial and non-binding c. choppy and hard to use d. unfocused and amusing