A Recent Study Suggested That 70% of All Eligible Voters

question 29

Multiple Choice

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. Use a binomial probability table to find the probability that more than 12 of the eligible voters sampled will vote in the next presidential election.

• A) 0.392
• B) 0.228
• C) 0.772
• D) 0.608
• E) 0.887

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Definitions:

Sequential Method

A cost allocation method where support departments' costs are allocated to production departments in a specific order, that somewhat reflects the level of services provided among support departments.

Support Departments

Units within an organization that provide essential services or support to the operational departments but do not directly participate in the primary activity of the business.

Proportional Usage

The allocation of costs, resources, or time in direct relation to the amount of goods or services produced or consumed.

Direct Method

An accounting practice in cash flow statement preparation where actual cash flows from operating activities are listed, as opposed to the indirect method.