Answer:
The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364
Explanation:
X = number of passengers show up
X follow binomial distribution with n = 180 ,
p = 1 - 0.05
= 0.95
P(X = 178) = binom.dist(178,180,0.95,0)
= 0.004364
Therefore, The probability that exactly 178 passengers will show up and causing a shortage of three seats is 0.004364
The term by which individuals and businesses choose between the different use of available resources is called <u>allocating </u>and it is due to the concept of <u>scarcity</u>.
<h3>
What is Scarcity?</h3>
According to economics, Scarcity signifies that the demand for a product or service exceeds the supply of that product or service.
It is the underlying truth of existence that there is only a finite number of human and nonhuman resources for each economic product.
Therefore, Individuals and business corporations must choose between several uses for the available resources they have from the idea of <u>allocating </u>resources and due to the concept of <u>scarcity.</u>
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Learn more about scarcity here:
brainly.com/question/1088553
Answer:
The correct option is D
Explanation:
When there are huge number of the small account balances, then the negative confirmation of the accounts receivable is practical or feasible which is issued by an auditor to the customers of client company and if the combination of the control as well as the inherent risk is low and the individuals who receives the confirmation requests which provide them sufficient consideration.
