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Choose an "appropriate" distribution in each case, with its parameters and explain your choice.
a. A manufacturer of computer disks has a historical defective rate of .001. They are interested to know about the probability of having 2 defectives in a batch of 1000 disks.
b. The library is interested in estimating the number of individuals who use the computers during the lunch hour. On the average 10 computers have been used by individuals during the lunch. Which probability distribution should they use?
c. The public school system is interested in examining the probability of a child being late to school. The child is categorized as either late or not late. What type of distribution should the school use to examine this issue if there 300 students in this school with .1 rate of a student being late at school?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
This report is specific for a core understanding for Financial Accounting and its relevant factors.
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