​Assume That on a Standardized Test of 100 Questions, a Person

question 119

Multiple Choice

​Assume that on a standardized test of 100 questions, a person has a probability of 86% of answering any particular question correctly. Find the probability of answering between 75 and 85 questions, inclusive, correctly. (Assume independence, and round your answer to four decimal places.) ​

• A)​0.6797
• B) ​0.5717
• C) ​0.3203
• D) ​0.108
• E) ​0.4283

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Definitions:

Retained Earnings

Retained earnings are the portion of a company's profits that is kept or retained rather than being paid out as dividends to shareholders, often reinvested in the business or used to pay off debt.

Notes Payable

A financial liability representing a written promise to pay a specific sum of money on a specified future date.

Accounts Payable

A liability account that tracks money owed by a business to suppliers or creditors for goods and services received.