It Is Very Common for Television Series to Draw a Large

question 59

Multiple Choice

It is very common for television series to draw a large audience for special events or for cliff-hanging story lines.Suppose that on one of these occasions,the special show drew viewers from 38.2 percent of all US TV households.Suppose that three TV households are randomly selected.
What is the probability that exactly one of the three households viewed the special show?

• A)0.146
• B)0.084
• C)0.438
• D)0.382
• E)0.056

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Definitions:

Trade-in Allowance

The credit value offered by a retailer to a customer towards the purchase of a new item when exchanging an older model or item.

Book Value

The net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total value of assets.

Commercial Substance

Commercial substance refers to a transaction that causes a significant change in the cash flows of a company or significantly alters the entity's operations.

Trade-in Allowance

The credit a buyer receives when they trade in an old asset (like a car) towards the purchase of a new asset, reducing the price of the new purchase.