Management Chapter 6 Homework Enter data only in yellow-shaded cells.

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Valles Verdes Partners

Paid Overdue

32 118

PERCENT OF TOTAL 21% 79%

Overdue Paid Paid Overdue Overdue Paid Paid Overdue Overdue Paid Overdue Overdue Paid Overdue Paid

Overdue Overdue Overdue Overdue Overdue Overdue Overdue Paid Overdue Overdue Overdue Overdue Overdue Overdue Overdue

Overdue Overdue Paid Paid Overdue Overdue Paid Overdue Overdue Paid Overdue Overdue Overdue Overdue Overdue

Paid Overdue Overdue Overdue Paid Overdue Overdue Overdue Paid Paid Overdue Paid Overdue Overdue Overdue

Overdue Overdue Overdue Overdue Overdue Overdue Overdue Paid Overdue Overdue Overdue Paid Overdue Overdue Paid

Paid Overdue Overdue Overdue Overdue Overdue Overdue Overdue Overdue Overdue Paid Overdue Paid Overdue Overdue

Paid Overdue Overdue Overdue Overdue Overdue Overdue Overdue Overdue Overdue Overdue Overdue Overdue Overdue Paid

Overdue Overdue Overdue Paid Overdue Overdue Paid Overdue Overdue Overdue Overdue Overdue Paid Overdue Overdue

Valles Verdes Partners

Part (i), using the binomial template Part (ii) Part (iii)

Binomial Probability Distribution From the table, find F(3) From the table, find 1 – F(6)

Enter data only in yellow-shaded cells. 0.61046 0.0234

Desired number 6

x f(x) F(x)

0 0.02913 0.02913

1 0.11617 0.14530

2 0.21616 0.36147

3 0.24900 0.61046

4 0.19857 0.80903

5 0.11612 0.92515

6 0.05145 0.97660

Sample Size 15

Calculated probability 0.05145