Sixty Percent of the Customers of a Fast Food Chain

question 120

Multiple Choice

Sixty percent of the customers of a fast food chain order the Whopper, French fries and a drink. If a
Random sample of 15 cash register receipts is selected, what is the probability that 10 or more will
Show that the above three food items were ordered?

• A) 1,000
• B) 0.186
• C) 0.403
• D) 0.000

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Definitions:

Portfolio Turnover

This term refers to the frequency at which assets within a portfolio are bought and sold by the manager, indicating trading activity level and potential costs.

Tax Liability

The total amount of tax that an individual or corporation is legally obligated to pay to an authority as the result of the occurrence of a taxable event.

Trading Costs

Expenses associated with buying and selling securities, including commissions, spreads, and fees.

Open-end

A type of mutual fund that does not have a fixed number of shares and can issue new shares or redeem existing shares at any time based on investor demand.