document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1127267>Question 1127267</A>: <I><SPAN STYLE=\"word-break: break-all;\"> I saw the below questions but cannot see the answers\r<BR>\n" );
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document.write( "A company reports 12% of its accounts receivables are overdue.  If an auditor takes a random sample of 8 accounts, what is the probability that no more than two account in the sample will be overdue? (Use Binomial Distribution with cumulative probability)\r<BR>\n" );
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document.write( "The time required to complete a routine quality check process is known to be normally distributed with a standard deviation of 4.0 minutes.\r<BR>\n" );
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document.write( "If a sample of 100 quality check records yields a mean of 14.5 minutes, then\r<BR>\n" );
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document.write( "•	Construct a 95% confidence interval\r<BR>\n" );
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document.write( "•	Construct a 90% confidence interval<BR>\n" );
document.write( "If a sample of 200 quality check records yields a mean of 14.5 minutes, then<BR>\n" );
document.write( "•	Construct a 95% confidence interval<BR>\n" );
document.write( "•	Construct a 90% confidence interval\r<BR>\n" );
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document.write( "Exercise <BR>\n" );
document.write( "A marketing firm has implemented a customer satisfaction survey that it sends out to 500 customers each year.  Over time the company has learned that there is about a 6% probability that a given prospect will complete the survey.  <BR>\n" );
document.write( "•	What is the probability that when the survey is given exactly 20 customers will respond?<BR>\n" );
document.write( "(hint use Binomial Distribution without cumulative probability)<BR>\n" );
document.write( "•	What is the probability that at least 20 prospects will respond, i.e. 20 or more responses?<BR>\n" );
document.write( "(hint use Binomial Distribution with cumulative probability)\r<BR>\n" );
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document.write( "Exercise <BR>\n" );
document.write( "A normal distributed population of measurements has a population mean of 140 and a standard deviation of 8.<BR>\n" );
document.write( "•	What is the probability that a measurement taken at random in the population will be less than 160?<BR>\n" );
document.write( "•	What is the probability that a measurement taken at random in the population will be greater than 150?<BR>\n" );
document.write( "•	What is the probability that a measurement taken at random in the population will be between 150 and 160?\r<BR>\n" );
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document.write( "An auditor claims that the average A/R balance is $775.  A random sample of 49 accounts is examined and found to have a mean of $794 and a standard deviation of $56.  Should the auditors claim be accepted or rejected?<BR>\n" );
document.write( "•	At the 5% significance level?<BR>\n" );
document.write( "•	At the 1% significance level?<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #743646 by </B><A HREF=/tutors/aboutme.mpl?userid=ikleyn><B>ikleyn(52807)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ikleyn><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=ikleyn><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=743646\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> .\r<BR>\n" );
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document.write( "The golden rule of this forum is \r<BR>\n" );
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document.write( "<H3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ONE and ONLY ONE problem per post.</H3>\r<BR>\n" );
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document.write( "It is the rule, the requirement and the policy of this forum.\r<BR>\n" );
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document.write( "With it, welcome to the forum !\r<BR>\n" );
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document.write( "Have a nice day !\r<BR>\n" );
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