Based on a Comcast Survey, There Is a 0

question 58

Multiple Choice

Based on a Comcast survey, there is a 0.8 probability that a randomly selected adult will watch prime-time TV live, instead of online, on DVR, etc. Assume that seven adults are
Randomly selected. Find the probability that fewer than three of the selected adults watch
Prime-time live.

• A)0.00430
• B)0.000358
• C)0.00467
• D)0.0512

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Definitions:

Variable Costing

An accounting method that includes only variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.

Fixed Manufacturing Overhead

The set costs associated with producing goods that do not change with the level of output, including salaries, rent, and insurance.

Net Operating Income

A financial metric that shows the profitability of a company's core business activities, excluding the effects of financing and investment income.

Segment Margin

The amount of profit or loss generated by a particular segment of a business, after accounting for traceable costs and expenses.