Compute Probabilities of Binomial Experiments

question 42

Multiple Choice

Compute Probabilities of Binomial Experiments
-Fifty percent of the people that use the Internet order something online. Find the probability that only four of 8 Internet users will order something online.

• A) 0.273
• B) 0.500
• C) 0.004
• D) 4.375

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Definitions:

Acceptor

The party who agrees to pay a bill of exchange, such as a draft or check, upon its presentation.

Primarily Liable

Being the first or main party responsible for fulfilling an obligation or debt.

Notice Of Dishonor

A formal notification that a negotiable instrument, such as a check or promissory note, has been presented for payment and refused.

Severe Weather Warning

An advisory issued by meteorological organizations to inform the public of impending dangerous weather conditions.