The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the propor

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the propor

Post by answerhappygod »

The Internal Auditing Staff Of A Local Manufacturing Company Performs A Sample Audit Each Quarter To Estimate The Propor 1
The Internal Auditing Staff Of A Local Manufacturing Company Performs A Sample Audit Each Quarter To Estimate The Propor 1 (45.63 KiB) Viewed 24 times
The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are more than 90 days overdue (delinquent). The historical records of the company show that over the past 8 years, the average has been that 14 percent of the accounts have been delinquent. For this quarter, the auditing staff randomly selected 250 customer accounts. What is the probability that at least 30 accounts will be classified as delinquent? Multiple Choice O O 31.86% 63.72% 18.14% 75.84% 81.89%
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply