Sixty Percent of the Customers of a Fast Food Chain

question 74

Multiple Choice

Sixty percent of the customers of a fast food chain order a hamburger, french fries and a drink. If a random sample of 15 cash register receipts is selected, what is the probability that 10 will show that the above three food items were ordered?

• A) .1859
• B) 0.7827
• C) 0.2066
• D) 0.2173
• E) 0.4032

Understand the key theories involved in global economic and political relationships, including Dependency theory, Modernization theory, and World System theory.

Recognize the impact of globalization on cultural diversity and societal changes.

Identify the critics and critiques of Modernization theory and its ethnocentric tendencies.

Comprehend the concept of globalization and its components including the exchange of money, goods, and services.

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Definitions:

Public Good

A commodity or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Private Firms

Businesses owned and controlled by individuals or groups of individuals, as opposed to being owned by the government.

Property Rights

Legal rights to possess, use, and dispose of assets including real property (land and buildings) and intellectual property.

Fundamental Function

A basic or essential function that is fundamental to a system or process.