It Is Very Common for a Television Series to Draw

question 85

Multiple Choice

It is very common for a television series to draw a large audience for special events or for cliff-hanging story lines. Suppose that on one of these occasions, the special show drew viewers from 38.2 percent of all US TV households. Suppose that three TV households are randomly selected. What is the probability that exactly one of the three households viewed the special show?

• A) 0.146
• B) 0.084
• C) 0.438
• D) 0.382
• E) 0.056

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Definitions:

Market Price

The present rate at which a service or asset is available for purchase or sale on the public market.

Dividends

Payments made by a corporation to its shareholder members, typically derived from profits.

Common Stock

A form of corporate equity ownership, a type of security that represents a fraction of ownership in a corporation, giving holders voting rights and a share in the company’s profits.

Dividend Payout Ratio

The fraction of net earnings a firm pays out to its shareholders as dividends, showing the portion of earnings distributed relative to the amount retained.