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

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

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?


Price: £ 45

100% Plagiarism Free & Custom Written, Tailored to your instructions

Leave your Comments


Can't read the image? click here to refresh