It a Recent Study of College Students Indicated That 30

question 200

Multiple Choice

It a recent study of college students indicated that 30% of all college students had at least one tattoo. A small private college decided to randomly and independently sample 15 of their students and ask if they have a tattoo. Use a binomial probability table to find the probability that exactly 5 of the students reported that they did have at least one tattoo.

• A) 0.207
• B) 0.722
• C) 0.218
• D) 0.515

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Definitions:

Loanable Funds

The funds available in the financial markets for borrowing, influenced by interest rates, savings, and investments.

Exchange Rate

The price of one currency expressed in terms of another.

Net Capital

The difference between a firm's total assets and its total liabilities, essentially representing the owner's equity.

Net Capital Outflows

The difference between a nation's outflow of capital to foreign countries and its incoming capital from abroad, showing how much a country's residents are investing in foreign assets compared to how much foreigners are investing in the domestic country.