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A multiple-choice test has 30 questions. There are 4 choices for each question. A student who has not studied for the test decides to answer all questions randomly. What type of probability distribution can be used to figure out his chance of getting at least 20 questions right?
Customizing
The process of modifying or tailoring products or services to fit specific requirements or preferences of a consumer.
Manufacturing Cost
The total cost incurred by a company to produce goods, including labor, material, and overhead costs.
Predetermined Overhead Rate
A rate used to allocate overhead costs to products or services, calculated in advance based on estimated overhead costs and an allocation base.
Machine-Hours
Machine-hours are a measure of the amount of time a machine is operated, used in allocating manufacturing overhead based on usage.
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