Department of Management SciencesFaculty of EngineeringUniversity of WaterlooMSci 609 Quantitative data Analysis for Management SciencesQUIZ 3NAME:ID:Problem :Water in the Greater Toronto Area is provided by the City to approximately 1.4 million people, who are served through morethan 362,000 accounts. All accounts are metered and billed monthly. The probability that an account has an error in a month is0.001, and accounts can be assumed independent.a)What is the mean and standard deviation of the number of account errors each month?b)What is the probability of fewer than 350 errors in a month?c)Find the number of accounts that corresponds to probability of errors exceeds 0.05. (Do not forget to account for
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This note was uploaded on 01/12/2012 for the course MSCI 609 taught by Professor Almehdawe,eman during the Fall '10 term at Waterloo.