This paper circulates around the core theme of A company assumes that 0.5% of the paychecks for a month were calculated incorrectly. The company has 350 employees and examined the payroll records from one month. (a) Define the variable of interest. (b) State clearly the appropriate distribution and it together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
A company assumes that 0.5% of the paychecks for a month were calculated
incorrectly. The company has 350 employees and examined the payroll
records from one month. (a) Define the variable of interest. (b) State
clearly the appropriate distribution and its parameters. (c) Find the
probability of finding one paycheck that was calculated incorrectly. (d)
In a given month, how many employees payroll would you expect to be
calculated incorrectly?
