Find the Probability. -A Study Conducted at a Certain College Shows That 62

question 3

Multiple Choice

Find the probability.
-A study conducted at a certain college shows that 62% of the school's graduates find a job in their chosen field within a year after graduation.Find the probability that among 7 randomly selected graduates,at least one finds a job in his or her chosen field within a year of graduating.

• A)0.143
• B)0.999
• C)0.965
• D)0.620

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Definitions:

Cost of Capital

The return rate that a company must achieve in order to justify the cost of an investment, essentially the cost of obtaining the funds necessary for financing a project or investment.

Pretax Cost

This refers to an expense or cost incurred by a business before accounting for taxes.

WACC

The Weighted Average Cost of Capital represents a method for determining a company's capital cost, with each type of capital being weighted according to its proportion.

Cost of Retained Earnings

The opportunity cost to shareholders for having a company retain earnings instead of paying them out as dividends.