Compute Probabilities of Binomial Experiments

question 50

Multiple Choice

Compute Probabilities of Binomial Experiments
-The probability that an individual has 20-20 vision is 0.15. In a class of 32 students, what is the probability of finding five people with 20-20 vision

• A) 0.190
• B) 0.156
• C) 0.000
• D) 0.15

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Definitions:

Lawn-mowing

The process of cutting the grass in a yard or garden to maintain its appearance and health, often using a manual or motorized lawnmower.

Perfectly Competitive

A market structure characterized by a large number of small firms, a homogenous product, perfect information, and no barriers to entry or exit.

Marginal Cost

A rise in the comprehensive cost when producing an additional unit of a product or service.

Fixed Cost

A charge that stays the same, no matter how much is produced or sold in terms of goods or services.