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NEW QUESTION: 1
The sponsors of a well-known charity came up with a unique idea to attract wealthy patrons to the
$ 500 a plate dinner. After the dinner, it was announced that each patron attending could buy a set of 20 tickets for the gaming tables. The chance of winning a prize for each of the 20 plays is 50-50. If you bought a set of 20 tickets, what is the chance that you will win 15 or more prizes?
This is a binomial probability. The probability of getting r successes out of n trials where the probability of success each trial is p and probability of failure each trial is q (where q = 1-p) is given by:
n!(p )[q ]/r!(n-r)!. Here n = 20, p = 0.5 and q = 0.5 and r = 15,16,17,18,19,20. Therefore we have
P(15) = 20!(0.5 )(0.5 )/15!5! = 0.0148
P(16) = 20!(0.5 )(0.5 )/16!4! = 0.0046 P(17) = 0.0011 P(18) = 0.0002 P(19) = 0.00002 P(20) = 0.000001
The sum adds up to 0.0207.
NEW QUESTION: 2
A project's latest earned value (EV) report indicates that a certain task has an estimate at completion (EAC) of US$550,000 and a budget at completion (BAC) of US$500,000. What should the project manager experience with this task?
A. A budget needing sponsor approval to continue
B. Completion under budget
C. A budget overrun on completion
D. Completion exactly on budget
NEW QUESTION: 3
.When participating in a systems-development project, an IS auditor should focus on system controls rather than ensuring that adequate and complete documentation exists for all projects. True or false?
When participating in a systems-development project, an IS auditor should also strive to ensure that adequate and complete documentation exists for all projects.