In Norway, Approximately 22% of Vehicles Are Electric Vehicles

question 13

Multiple Choice

In Norway, approximately 22% of vehicles are electric vehicles.Which is closest to the probability of randomly selecting 250 cars and finding out that 60 or more are electric?

• A)0.233
• B)0.223
• C)0.213
• D)0.203
• E)0.193

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Definitions:

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period of time, typically used to manage liquidity.

Depreciation Expense

An accounting method of allocating the cost of a tangible asset over its useful life.

Zero Coupon Bonds

Bonds sold at a discount that pay no periodic interest payments but are redeemed at their face value at maturity, providing a fixed return to investors.

Factoring Receivables

Factoring receivables is a financial transaction where a business sells its accounts receivable to a third party at a discount to get immediate cash.