Math Problem Statement
The Alvin Secretarial Service procures temporary office personnel for major corporations. They have found that 50% of their invoices are paid within ten working days. A random sample of 19 invoices is checked. What is the probability that fewer than 16 of the invoices will be paid within ten working days? Round your answer to the nearest ten-thousandth, if necessary.
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Binomial Distribution
Formulas
P(X = k) = (n choose k) * p^k * (1-p)^(n-k)
Cumulative probability P(X < 16) = P(X <= 15)
Theorems
Binomial Probability Theorem
Suitable Grade Level
Grades 10-12
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