According to a Published Study, 1 in Every 4 Men

question 35

Multiple Choice

According to a published study, 1 in every 4 men has been involved in a minor traffic accident. Suppose we have randomly and independently sampled twenty-five men and asked each whether he has been involved in a minor traffic accident. How many of the 25 men do we expect to have never been involved in a minor traffic accident? Round to the nearest whole number.

• A) 19
• B) 4
• C) 6
• D) 25

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing non-physical assets like brand reputation and customer loyalty.

Book Value Decrease

A reduction in the book value of an asset, often due to depreciation, impairment, or disposal.

Inventory Of Minerals

An itemized catalog of mineral resources that a company has in its possession, which can include raw materials, work-in-progress, and finished goods.

Net Income

The net income of a business following the deduction of all taxes, expenses, and costs from its total revenue.