Problem regarding the various types of accounts

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The accounts of the Excelsior company are being audited by an independent accounting firm. The com­ pany has 200 active accounts, of which 140 are current accounts, 45 are past due 60 or more days, and 15 ac­ counts are delinquent. The accounting firm will ran­ domly choose five different accounts in its auditing pro­ cedure.

a. What is the probability that none of the accounts chosen will be delinquent?

b. What is the probability that at most one of the ac­ counts chosen will be delinquent?

c. What is the probability that there will be three cur­ rent, one past due, and one delinquent accounts chosen?

d. What are the expected numbers of the various types of accounts that will be chosen?

Reference no: EM13974823

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