A True/false Test Has 100 Questions

question 41

Multiple Choice

A true/false test has 100 questions.Using the normal approximation to the binomial distribution, what is the probability of getting 55 or more correct by just guessing?

• A)p(X > 55)
• B)p(X > 55.5)
• C)p(X > 54.5)
• D)none of the above

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Definitions:

Investing Activities

Transactions involving the purchase or sale of long-term assets and investments which are not related to the entity's primary business operations.

Financing Activities

Activities that result in changes in the size and composition of the equity capital and borrowings of an entity.

Unamortized Discount

The portion of a bond issuance discount that has not yet been expensed to interest over the bond’s life.

Journal Entry

A record in accounting that notes the details of a financial transaction.