According to the Census Bureau, 64

question 20

Multiple Choice

According to the Census Bureau, 64.5% of Americans owned their own home in 2013. A local real estate office wants to see if this is the case for its area. The office selects a
Random sample of 200 people to estimate the percentage who own their own homes.
What is the probability that at least 140 people own their own home?

• A) 0.7291
• B) 0.052
• C) 0.4598
• D) 0.5402
• E) 0.104

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Definitions:

Prepaid Insurance

Insurance premiums paid in advance by a company, recorded as an asset on the balance sheet until the coverage period comes into effect.

Depreciation Expense

The allocated portion of the cost of a company's fixed assets that is written off each year, reflecting the asset's usage and wear and tear.

Insurance Premium

The amount paid periodically to an insurance company by policyholders for covering their risk.

Income Statement

The income statement is a financial document that reports a company's financial performance over a specific accounting period, detailing revenues, expenses, and net income.