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Five students were scheduled to take a five-question true-false quiz on the history of the Peloponnesian War. Since they didn't know anything about the subject, they were faced with a decision of whether or not to study. Before they decided to study they decided to run a simulation to see how many of them would likely pass the quiz if they all just guessed randomly. At least three correct answers would be needed to pass. They made uf hypothetical set of correct answers as shown in the following table.
They then used the following random numbers table to ensure that the simulated response be truly random. Each simulated set of quiz responses began with a different highlighted from the table and included the four numbers beneath it. An odd number was said to corr an answer of True, and an even number was said to correspond to an answer of False. How many passing grades were there in the five simulated responses?
number pond to
External User
Individuals or entities outside of a company who use its financial information, such as investors, creditors, and regulatory agencies.
Federal Government
The national government of a federal country, which holds the authority to govern matters that affect the country as a whole.
Managerial Accounting
The process of identifying, measuring, analyzing, and interpreting accounting information for internal use by management for planning, decision making, and control.
External Users
Individuals or entities outside of a company (such as investors, creditors, and regulators) who use its financial statements and reports for decision-making purposes.
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