It Has Been Alleged That 40 Percent of All College

question 15

Multiple Choice

It has been alleged that 40 percent of all college students favor Dell computers. If this were true, and we took a random sample of 50 students, the binomial probability table for cumulative values of x available in your text, would reveal which of the following probabilities?

• A) The probability of 10 or fewer students in favor is .586.
• B) The probability of fewer than 20 students in favor is 1.000.
• C) The probability of more than 15 students in favor is .013.
• D) All of these.
• E) None of these.

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Definitions:

Terminate Credit Plan

The process of ending a credit agreement, closing the account, and settling any outstanding debts.

Home Equity Loan

A type of loan in which the borrower uses the equity of their home as collateral.

Material Misrepresentations

False statements or omissions of facts that are significant enough to influence an individual's decision to enter into a contract or transaction.

Truth In Lending Act

A United States federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs.