Solve the Problem. -If 81% of Scheduled Airline Flights Actually Take Place, and Take

question 113

Multiple Choice

Solve the problem.
-If 81% of scheduled airline flights actually take place, and cancellations are independent events, what is the probability that 3 separate flights will take place?

• A)0.53
• B)0.81
• C)0.01
• D)0.66

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Definitions:

Dividends

Distributions of earnings from a corporation to its shareholders, typically in the form of profit sharing.

Noncontrolling Interest

A minority stake in a company that is not large enough to exercise control over the company, often reflected in the financial statements of a parent company that owns more than 50% but less than 100% of a subsidiary.

Dividends

A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.

Noncontrolling Interest

Represents the portion of equity in a subsidiary not attributable, directly or indirectly, to the parent company.