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:

Financial Plans

are comprehensive evaluations of an individual's or organization's current and future financial state by using known variables to predict future cash flows, asset values, and withdrawal plans.

Logistics Plans

Detailed strategies to manage the efficient movement and storage of goods, services, and related information from point of origin to consumption.

Functional Plan

a detailed description of how specific tasks or functions will be executed within a project or organization to achieve set objectives.

Corporate Strategy

Involves the overarching plans and objectives a company adopts to achieve competitive advantage, growth, and sustainability.