Approximate the following binomial probabilities by the use of normal approximation. Eight percent of customers of a bank keep a minimum balance of $500 in their checking accounts. What is the probability that in a random sample of 100 customers
a.exactly 6 keep the minimum balance of $500?b.exactly 11 keep the minimum balance of $500?c.6 or fewer keep the minimum balance of $500?d.5 or more keep the minimum balance of $500?e.10 or fewer keep the minimum balance of $500?f.11 or fewer keep the minimum balance of $500?
What will be an ideal response?
| a. | 0.1124 |
| b. | 0.0803 |
| c. | 0.2912 |
| d. | 0.9015 |
| e. | 0.8212 |
| f. | 0.9015 |
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Assume that accounts payable pertains only to suppliers of direct materials inventory. Based on the above data, the amount of Accounts Payable that should be shown in the budgeted balance sheet as of June 30 is ________.
Saniya Corp. is preparing their budget for the second quarter and provides the following data:
A) $23,600
B) $14,400
C) $13,800
D) $9200
What two components were essential to global warming as predicted by meteorologist John Sawyer?
a. industrialization and deforestation b. industrialization and CO 2 emissions c. population growth and decreased oxygen levels d. depletion of ozone and CO 2 emissions
The follow-up stage is a one-time event; it is not used for repeat customers.
Answer the following statement true (T) or false (F)
Shifting customer design decisions as far down the supply chain as possible is typically called
which of the following? A) reverse supply chain B) planning time fence C) postponement D) planning horizon