Find the Indicated Probability

question 11

Multiple Choice

Find the indicated probability.
-A study conducted at a certain college shows that 65% of the school's graduates find a job in their chosen field within a year after graduation. Find the probability that 11 randomly selected graduates all find jobs in their
Chosen field within a year of graduating. Round to the nearest thousandth if necessary.

• A) 0.169
• B) 0.009
• C) 0.013
• D) 7.150

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Definitions:

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life uniformly.

After-Tax Discount

The reduction or deduction from the gross amount on which tax has already been calculated and deducted.

Working Capital

The gap between a firm's current assets and its current liabilities, signifying the available liquidity for operating its business activities.

Incremental Sales

The additional revenue generated from an increase in sales activities or volume above a baseline level.