The Probability That Someone Will Prefer Coke Over Pepsi Is

question 49

Multiple Choice

The probability that someone will prefer Coke over Pepsi is 0.56.A researcher asked 90 people which soda pop they preferred, and used the normal approximation to the binomial with a correction for continuity, what would be the probability at least 50 preferring Coke?

• A)0.615
• B)0.507
• C)0.560
• D)0.900
• E)0.576

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Definitions:

Direct Labor-Hours

The total hours worked by employees directly involved in the manufacturing process, often used as a basis for assigning costs to products.

Manufacturing Overhead

Indirect factory-related costs that support the production process but cannot be directly traced to specific products, such as maintenance and utilities.

Traditional Costing System

A cost accounting method that assigns overhead costs to products based on a predetermined overhead rate and actual levels of a cost driver.

Overhead Cost

Indirect expenses related to the general operation of a business, such as rent, utilities, and administrative salaries, not directly tied to any specific product or service.