Find the Indicated Probability

question 121

Multiple Choice

Find the indicated probability. Round to three decimal places.
-In a study, 38% of adults questioned reported that their health was excellent. A researcher wishes to study the health of people living close to a nuclear power plant. Among 12 adults randomly selected from this area, only 3 reported that their health was excellent. Find the probability that when 12 adults are randomly selected, 3 or fewer are in excellent health.

• A) 0.185
• B) 0.107
• C) 0.163
• D) 0.270

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Definitions:

Break-Even Sales

The amount of revenue needed to cover all fixed and variable costs, resulting in a net income of zero.

Retail Division

A segment of a company that directly sells products to consumers, typically involving activities and costs related to retail operations.

Segmented Income Statement

An income statement that breaks down revenues, cost of sales, and expenses by segments such as product lines, departments, or geographic regions.

Contribution Format

A method of income statement presentation that separates fixed and variable costs, making it easier to see the contribution margin.