Find the Indicated Binomial Probability

question 130

Multiple Choice

Find the indicated binomial probability. Round to five decimal places when necessary.
-A multiple choice test has 30 questions, and each has four possible answers, of which one is correct. If a student guesses on every question, find the probability of getting exactly 12 correct.

• A)0.00004
• B)0.02906
• C)5.1554
• D)13,922,008.7

Apply time value of money concepts to calculate the present and future values of annuities.

Evaluate the interest component of financial decisions involving investments or loans.

Distinguish between ordinary annuities and annuities due.

Understand the impact of compounding frequency on investment growth and loan costs.

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Definitions:

Roman Philosopher

A philosopher from ancient Rome who contributed to various fields of philosophy, including ethics, politics, metaphysics, and logic.

Virtue Prescription

Virtue prescription refers to the advocacy or recommendation of moral virtues as guidelines for ethical behavior and good living.

Generous

Showing a readiness to give more of something, especially money or time, than is strictly necessary or expected.

Charitable

Related to the act of giving help, especially financial support, to those in need.