A Recent Study Suggested That 70% of All Eligible Voters

question 121

Short Answer

A recent study suggested that 70% of all eligible voters will vote in the next presidential election. Suppose 20 eligible voters were randomly selected from the population of all eligible voters. Which of the following is necessary for this problem to be analyzed using the binomial random variable? I. There are two outcomes possible for each of the 20 voters sampled. II. The outcomes of the 20 voters must be considered independent of one another. III. The probability a voter will actually vote is 0.70, the probability they won't is 0.30. A) I only B) II only C) III only D) I, II, and III

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Definitions:

Balance Sheet

A financial statement that presents a company's assets, liabilities, and stockholders' equity at a specific point in time.

U.S. GAAP

United States Generally Accepted Accounting Principles; the framework of accounting standards, rules, and procedures defined by the professional accounting industry in the United States.

Sales Revenue Approach

A method of recognizing revenue based on the sales transactions processed by a company.

Unadjusted Year End

This term refers to the financial results and statements of a company that have not gone through adjustments for various accounting entries at the end of the fiscal year.