A Student Takes a True-False Test That Has 8 Questions

question 6

Multiple Choice

A student takes a true-false test that has 8 questions and guesses randomly at each answer. Let X be the number of questions answered correctly. Find P(6 or more)

• A) 0.3633
• B) 0.6367
• C) 0.0352
• D) 0.1445

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Definitions:

Stock Dividend

A dividend payment to shareholders in the form of additional shares in the company, rather than cash.

Cash Dividend

A disbursement by a company to its shareholders, often from the profits earned.

Stock Dividend

A distribution of additional shares of a company's stock to its shareholders, usually in proportion to their existing holdings, instead of paying a cash dividend.

Small Stock Dividend

A dividend paid in the form of additional stock shares rather than cash, usually less than 20-25% of the existing shares.