Suppose 40% of All College Students Have a Computer at Home

question 39

Multiple Choice

Suppose 40% of all college students have a computer at home and a sample of 64 is taken.Which is closest to the probability that more than 30 of those in the sample have a computer at home?

• A)0.3686
• B)0.1314
• C)0.8686
• D)0.6314
• E)0.1343

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the normal operating cycle of the business, whichever is longer.

Short-Term Debt-Paying

Refers to a company's ability to meet its short-term financial liabilities and obligations.

Acid-Test

A stringent financial ratio that measures the ability of a company to pay off its current liabilities with its most liquid assets (cash, marketable securities, and accounts receivable).

Horizontal Analysis

A financial analysis technique used to evaluate trends over time by comparing line items in financial statements, such as assets, liabilities, and equity, across multiple periods.