A Student Takes a True-False Test That Has 13 Questions $X$

question 111

Multiple Choice

A student takes a true-false test that has 13 questions and guesses randomly at each answer. Let $X$ be the number of questions answered correctly. Find $P ( 11$ or more)

• A) 0.0112
• B) 0.0017
• C) 0.0461
• D) 0.9539

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Definitions:

Dividend Revenue

Income received from owning shares in a company, typically distributed from the company's profits.

Partial Goodwill Method

An accounting method where goodwill is only calculated and recorded for the parent's share of ownership in a subsidiary, not for minority interests.

Goodwill

An intangible asset that arises when a company acquires another company for a price greater than the fair value of its net identifiable assets.

Share Capital

The funds raised by a company through the issuance of shares to its shareholders, representing the ownership of the company.