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The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are...
The internal auditing staff of a local manufacturing company performs a sample audit each quarter to estimate the proportion of accounts that are deliquent more than 90 days overdue. The historical records of the company show that over the past 8 years, 14% of the accounts are 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?