Suppose 30% of the U

question 18

Multiple Choice

Suppose 30% of the U.S.population has green eyes.If a random sample of size 1200 U.S.citizens is drawn, then the probability that less than 348 of those U.S.citizens have green eyes is closest to _______.

• A)0.2236
• B)0.2764
• C)0.2900
• D)0.7764
• E)0.3336

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Definitions:

EBIT

A profitability metric for a company that omits expenses related to interest and income taxes, known as Earnings Before Interest and Taxes.

ROE

Return on Equity, a measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.

Repurchase Shares

The act of a company buying back its own shares from the marketplace, reducing the amount of outstanding stock.

Debt-Equity Ratio

A ratio showcasing the relative utilization of debt and equity in the financial structuring of a company’s assets.