SOLUTION: 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
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(a) Define the
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Question 525039: 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?
You can put this solution on YOUR website! a) (x) which represents paychecks calculated incorrectly.
b) poisson approximation to the binomal, p = (x=0 or 1 or ........... 350)
c) 0.174
d) ?
(