Thirty-Seven Percent of the Customers of a Grocery Store Use

question 13

Multiple Choice

Thirty-seven percent of the customers of a grocery store use an express checkout. Consider four randomly selected customers, and let x denote the number among the four who use the express checkout. ​
Calculate .
​

• A)0.53
• B)0.85
• C)0.70
• D)0.30
• E)0.50

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Definitions:

Portfolio Durations

A measure of the sensitivity of the price of a portfolio to a change in interest rates, often used to manage interest rate risk.

Comparison Universe

A set of similar investment options or benchmarks used for evaluating the performance or characteristics of a specific investment.

Jensen Measure

A performance evaluation method that measures the excess returns a portfolio generates over its expected return, given its level of market risk.

Absolute Measure

A term used in finance to describe a statistical measure that is not relative but quantifies an actual amount or change.