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# Calculation of Probability using Binomial Distribution

## Overview

"Assume the likelihood that any flight on Northwest Airlines arrives within 15 minutes of the scheduled time is .90. We select four flights from yesterday for study.
a. What is the likelihood all four of the selected flights arrived within 15 minutes of the scheduled time?
b. What is the likelihood that none of the selected flights arrived within 15 minutes of the scheduled time?
c. What is the likelihood at least one of the selected flights did not arrive within 15 minutes of the scheduled time?
"

Financial Consolidation Accounting

Crane Mechanics acquired 75 percent of Downey Enterprises on March 31, 2005, for \$3,645,000. Downey’s book value at that date totaled \$4,000,000. Appraisal values were greater than book values for identifiable assets in the following amounts: Inventory (\$300,000) and Plant and Equipment (\$700,000). The purchase differential for Inventory is to be…

Date release: May 02, 2013

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