A Study of College Students Stated That 25% of All

question 103

Multiple Choice

A study of college students stated that 25% of all college students have at least one tattoo. In a random sample of 80 college students, let x be the number of the students that have at least one
Tattoo. Can the normal approximation be used to estimate the binomial distribution in this
Problem?

• A)Yes
• B)No

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Definitions:

Long-Range Budget

A financial plan that extends beyond the typical fiscal year, often spanning three to five years, to support strategic planning.

Participative Budgeting

A budgeting process where both management and employees participate in setting budgets, improving accuracy and commitment.

Budgeting Slack

The practice of underestimating revenue or overestimating expenses while preparing a budget to create a cushion or slack for unexpected situations.

Budgetary Slack

The practice of underestimating revenues or overestimating expenses when preparing a budget to create a buffer for unexpected scenarios.