Answer:
The mean and standard deviation of the number of accounts error is:
- mean = 362,000
- standard deviation = 19
Step-by-step explanation:
the parameters are:
- n = number of accounts = 362,000
- p = probability of error = 0.001
mean of the number of account errors = E(X) = np = (362,000 x 0.001) = 362
standard deviation = √[np(1 - p)] = √[362(1 - 0.001)] = √[362(0.999)] = √361.638 = 19.02 ≈ 19