Based on the Caterer's Experience, 38% of Attendees to Events

question 39

Multiple Choice

Based on the caterer's experience, 38% of attendees to events will prefer chicken for the main dish.As the caterer plans for an event attended by 780 individuals, the normal approximation will be used for the binomial with a correction for continuity.In this case, what is the average number that she would expect to prefer chicken, when determining the probability that less than 300 will prefer chicken?

• A)296.4
• B)114.0
• C)483.6
• D)13.6
• E)183.8

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A term indicating an improvement in someone's situation or condition, often measured in terms of financial wellbeing, health, or quality of life.

Behavioral Economists

Behavioral economists study how psychological, cognitive, emotional, cultural, and social factors affect economic decisions of individuals and institutions, often challenging the assumption of rational decision-making.

Neoclassical Theories

A broad range of economic theories that emphasize the role of supply and demand in an economy, focusing on the allocation of resources and the distribution of income.

Behavioral Economics

A field of study that examines the psychological factors influencing economic decisions and behaviors, challenging the traditional assumption of rational decision-making.