Solve the Problem. Round to Four Decimal Places

question 64

Multiple Choice

Solve the problem. Round to four decimal places.
-It a recent study of college students indicated that 30% of all college students had at least one tattoo. A small private college decided to randomly and independently sample 15 of their students
And ask if they have a tattoo. Use a binomial probability table to find the probability that exactly 5
Of the students reported that they did have at least one tattoo.

• A)0.515
• B)0.218
• C)0.722
• D)0.207

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Definitions:

Manufacturing Cycle Efficiency (MCE)

A performance metric that measures the proportion of production time that is actually spent on value-added activities.

Combined Residual Income

This term might refer to the total residual income from various sources or projects, but without a standard definition, its specific meaning can vary.

Required Rate Of Return

The minimum percentage return that an investor expects to receive from an investment.

Contribution Margin Ratio

Contribution Margin Ratio is a company's contribution margin expressed as a percentage of its total sales, indicating the portion of sales revenue that is not consumed by variable costs.