A Student Randomly Guesses the Answers to a Five-Question True/false

question 10

Multiple Choice

A student randomly guesses the answers to a five-question true/false test.If there is a 50% chance of guessing correctly on each question, what is the probability that the student misses exactly 1 question?

• A)0.200
• B)0.031
• C)0.156
• D)0.073
• E)0.001

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Definitions:

Cash Flow Statement

A financial report that details the inflows and outflows of cash for a company over a set period of time.

Shareholders Statement

A documented communication from a corporation to its shareholders, detailing financial performance, strategies, and corporate actions.

Accrued Expenses Report

A financial document detailing costs that have been incurred but not yet paid for, typically within an accounting period.

Operating Expenses

The costs of running your business, including your rent, utilities, administration, marketing/advertising, employee salaries, and so on.