Use the at Least Once Rule to Find the Indicated

question 86

Multiple Choice

Use the at least once rule to find the indicated probability.
-A study conducted at a certain college shows that 64% of the school's graduates find a job in their chosen field within a year after graduation. Find the probability that among 5 randomly selected
Graduates, at least one finds a job in his or her chosen field within a year of graduating.

• A)0.893
• B)0.200
• C)0.640
• D)0.994

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Definitions:

Investment Analysis

The process of evaluating an investment for profitability and risk, ultimately leading to a decision on its appropriateness.

Average Rate of Return

A financial ratio that indicates the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.

Liquidity

The ease with which an asset can be converted into cash without significantly affecting its price.

Capital Investment Analysis

The process of assessing the profitability and risk of potential investment opportunities involving capital expenditures.