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A multiple-choice test has 30 questions. There are 4 choices for each question. A student who has not studied for the test decides to answer all questions randomly. What type of probability distribution can be used to figure out his chance of getting at least 20 questions right?
Negative External Financing
A situation where a company is reducing its external borrowing and financing activities, possibly indicating a shift towards internal funding methods.
External Financing Need
The amount of funding a firm requires from external sources to finance its planned investment or business activities beyond what is generated internally.
Four Factors
Essential elements or aspects considered crucial in evaluating or determining a specific outcome, although the specific factors may vary based on context.
Higher Rate Growth
An increased pace at which a particular economic variable, typically revenue or GDP, expands over time.
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