A Study Conducted at a Certain College Shows That 57

question 93

Multiple Choice

A study conducted at a certain college shows that 57% of the school's graduates find a job in their chosen field within a year after graduation. Find the probability that 9 randomly selected graduates all find jobs in their chosen field within a year of graduating. Round to the nearest thousandth if necessary.

• A) 5.130
• B) 0.006
• C) 0.158
• D) 0.011

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Definitions:

Manufacturing Company

An enterprise engaged in the transformation of raw materials or parts into finished goods through the use of labor, machines, tools, and chemical or biological processing or formulation.

Gross Margin

The difference between revenue and cost of goods sold, divided by revenue, representing the percentage of each dollar of revenue that the company retains as gross profit.

Traditional Format

A conventional method of financial reporting where costs are classified by function (e.g., cost of goods sold, operating expenses) rather than by behavior.

Gross Margin

The difference between sales revenue and the cost of goods sold, showing the profitability of a company's core activities.