Only 0.02% of credit card holders of a company report the loss or theft of their credit cards each month. The company has 15,000 credit cards in the city of Memphis. What is the probability that during the next month in the city of Memphis
a. no one reports the loss or theft of their credit cards?
b. every credit card is lost or stolen?
c. 6 people report the loss or theft of their cards?
d. at least 9 people report the loss or theft of their cards?
e. Determine the expected number of reported lost or stolen credit cards.
f. Determine the standard deviation for the number of reported lost or stolen cards.
a. .0498
b. .0000
c. .0504
d. .0038
e. 3
f. 1.73
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Indicate whether the statement is true or false
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Refer to the following selected financial information from Dodge Company. Compute the company's acid-test ratio. Cash$42,250 Short-term investments 60,000 Accounts receivable, net 79,500 Merchandise inventory 115,000 Prepaid expenses 9,700 Accounts payable 111,400
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