Prepare the journal entry to record the issuance of 5,000 shares of $20 par common stock for $25 per share
1 answer:
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Answer:
a) 4.387
b) Yes, because np & npq are greater than 10.
c) = 0.017
Step-by-step explanation:
Give data:
p = 0.69
n = 90
a) a
E(X) = np = 62.1
= 4.387
b)
np = 62.1
q = 1 - p = 1 - 0.69 = 0.31
npq = 19.251
Yes, because np & npq are greater than 10.
c.
[continuity correction]
= P(Z> 2.14 )
= 1 - P(Z<2.14)
= 1 - 0.983 (using table)
= 0.017