Tabulation of a Strike Vote Showed That 90% of Those

question 101

Multiple Choice

Tabulation of a strike vote showed that 90% of those voting cast their ballot in favour of strike action. You take a sample of 50 voters. Assume this to be a binomial distribution.
What is the probability that more than 45 of the voters from your sample voted in favour of strike action?

• A) 0.50
• B) 0.0948
• C) 0.5948
• D) 0.4052
• E) None of the choices are correct.

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Definitions:

Population

The total set of individuals or items of interest for statistical, analytical, or research purposes.

Per Annum

An expression meaning "for each year," used to describe rates or amounts calculated on an annual basis.

Rate Of Return

The gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s cost.

Investment Account

An account held at a financial institution that holds investments such as stocks, bonds, mutual funds, and other assets for investors.