It Is Know That 40% of Voters in a Certain

question 54

Multiple Choice

It is know that 40% of voters in a certain electorate are in favour of a particular candidate. If a sample of size 30 is taken, what is the probability that less than 35% are in favour of this political candidate?

• A) 40%
• B) Less than 0.10%
• C) 28.77%
• D) None of these choices are correct.

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Definitions:

Contingent Payment

A payment that depends on achieving certain conditions or outcomes in the future.

Market Value

The current quoted price at which an asset or a company can be bought or sold on the open market.

Probability-Weighted

A method that takes into account the likelihood of various outcomes, often used in financial forecasting and risk assessment to estimate future cash flows or earnings.

Time Value

The concept in finance that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.