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A test has 6 multiple-choice questions, each with 4 choices. What is the probability of guessing 5 or more questions correctly?
Residual Income
The amount of income that an individual has after all personal debts and expenses have been paid.
Return on Investment
A measure used to evaluate the efficiency or profitability of an investment, calculated by dividing the profit of the investment by its cost.
Residual Income
The net income that exceeds the minimum required return on a company's investments or operations.
Minimum Return on Investment
The least amount of return that an investor is willing to accept for an investment, considering the risk and opportunity cost.
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