A Study of College Students Stated That 25% of All

question 96

Multiple Choice

A study of college students stated that 25% of all college students have at least one tattoo. In a random sample of 80 college students, let x be the number of the students that have at least one tattoo. Can the normal approximation be used to estimate the binomial distribution in this problem?

• A) Yes
• B) No

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Definitions:

Variable Interest Entity

A legal entity in which an investor holds a controlling interest that is not based on the majority of voting rights.

Consolidation

The process of combining financial information from several departments or subsidiaries within a company into a single financial statement.

Controlling Financial Interest

A situation where an entity has the power to govern the financial and operating policies of another entity so as to benefit from its activities.

Consolidated Retained Earnings

The accumulated net income of a corporation and its subsidiaries after dividends have been paid out to shareholders, presented in the consolidated financial statements.