Compute Probabilities of Binomial Experiments

question 8

Multiple Choice

Compute Probabilities of Binomial Experiments
-Sixty-five percent of men consider themselves knowledgeable soccer fans. If 14 men are randomly selected, find the probability that exactly four of them will consider themselves knowledgeable fans.

• A) 0.005
• B) 0.202
• C) 0.65
• D) 0.286

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Definitions:

Formal Chains

A term that might refer to the standard or established processes and hierarchies within organizations or systems, ensuring consistency and order.

Strategically Analyzing

The process of assessing various elements and conditions impacting an organization or situation to formulate effective strategies.

Bankruptcy

A legal process involving a person or business that is unable to repay outstanding debts, resulting in the distribution of assets to creditors and possibly leading to the discharge of debts.

Liquidation

The process of closing a business and distributing its assets to claimants, typically during insolvency, paying creditors, and shareholders if funds remain.