Find the Indicated Probability

question 122

Multiple Choice

Find the indicated probability. Round to three decimal places.
-A test consists of 10 true/false questions. To pass the test a student must answer at least 6 questions correctly. If a student guesses on each question, what is the probability that the student will pass the test?

• A) 0.172
• B) 0.828
• C) 0.205
• D) 0.377

Understand various financing options available for businesses.

Comprehend the roles and terms of banks, finance companies, and other lending institutions in providing capital.

Recognize the importance of the quality of the management team in securing financing.

Learn about the security measures including collateral and personal guarantees required by lenders.

---

Definitions:

Prior Service Cost

The cost associated with the increase in pension benefits related to years of service credited in a pension plan amendment.

Straight-Line Basis

A method of calculating depreciation and amortization by evenly spreading the cost of an asset over its useful life.

Pension Retirement Benefits

Long-term benefits or compensations provided to employees upon retirement, which may include contributions made by the employer to a pension plan.

U.S. Tax Laws

The body of laws governing federal, state, and local taxation in the United States, affecting individuals, businesses, corporations, and other entities.