When Using Excel's HYPGEOM

question 2

Multiple Choice

When using Excel's HYPGEOM.DIST function, one should choose TRUE for the fifth input if _____.

• A) a probability is desired
• B) a cumulative probability is desired
• C) the expected value is desired
• D) None of the answers is correct.

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Definitions:

Wealth

The abundance of valuable resources or valuable material possessions, including the total of all financial assets minus any liabilities.

Price Elasticity

A measure in economics that shows how the quantity demanded of a good or service responds to a change in its price.

Bushels

A unit of volume that is used primarily in the United States to measure agricultural produce, such as grains, fruits, and nuts.

Pecks

A traditional unit of volume used for dry goods, equivalent to approximately 9 liters or a quarter of a bushel.