With the Increased Demand for Internet Access, Airlines Have Been

question 34

Multiple Choice

With the increased demand for Internet access, airlines have been investing in expanding service on their flights. Recently, 79% of Delta Air Lines' 727 planes were equipped with Wi-Fi A random sample of 200 planes from Delta's fleet was selected. What is the probability that 164 or fewer planes from this sample were equipped with Wi-Fi?

• A)0.8508
• B)0.7324
• C)0.8888
• D)0.6255

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Definitions:

Face Value

The nominal or original value written on a financial instrument, such as a bond or stock certificate, not necessarily reflecting its market value.

Semi-Annual Coupon Bonds

Bonds that pay interest to holders twice a year, typically known for providing a steady income stream to investors.

Yield To Maturity

The total return expected on a bond if held until its maturity date, expressed as an annual rate.

Semi-Annual Coupons

Interest payments made to bondholders twice a year as a return on investment for holding the bond.