Use the Following Information to Answer the Question

question 34

Multiple Choice

Use the following information to answer the question. A pescatarian is a person who eats fish and seafood but no other animal. An event planner does some research and finds that approximately 2.75% of the people in the area where a large event is to be held are pescatarian. Treat the 250 guests expected at the event as a simple random sample from the local population of about 150,000.
-Suppose the event planner assumes that only 1.6% of the guests will be pescatarian so he orders 4 pescatarian meals. What is the approximate probability that he will have too many pescatarian meals? Round to the nearest thousandth.

• A)0.387
• B)0.113
• C)0.613
• D)0.245

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Definitions:

Coupon Rate

The interest rate that an issuer of a bond agrees to pay to the holder of the bond, expressed as a percentage of the bond's face value.

Cost of Debt

the effective rate that a company pays on its current debt.