The merchant's file of 20 accounts contains 6 delinquent and 14 non-
delinquent accounts. An auditor randomly selects 5 of these accounts for
examination of delinquent accounts, then parameters of binomial
and
distribution are
0503
Answers
Answer:
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Given : The merchant's file of 20 accounts contains 6 delinquent and 14 non-delinquent accounts.
An auditor randomly selects 5 of these accounts for examination of delinquent accounts,
To Find : parameters of binomial and distribution
Solution:
Total Accounts = 20
delinquent Accounts = 6
P ( delinquent Accounts ) = p = 6/20 = 3/10
P( non-delinquent accounts. ) = q = 1 - p = 1 - 3/10 = 7/10
r randomly selects 5 of these accounts => n = 5
n = 5 , p = 3/10
x = 0 , 1 , 2 , 3 , 4 , 5
P(x) = ⁿCₓpˣ(1 - p)ⁿ⁻ˣ or ⁿCₓpˣ(q)ⁿ⁻ˣ
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