Suppose 40% of All Seniors Have a Computer at Home

question 62

Multiple Choice

Suppose 40% of all seniors have a computer at home and a sample of 64 is taken.What is the probability that more than 30 of those in the sample have a computer at home?

• A)0.3686
• B)0.1314
• C)0.8686
• D)0.6314
• E)0.1343

---

Definitions:

Total Revenue

The total amount of money received by a company from sales of goods or services, before any expenses are subtracted.

Elastic

Describes a situation where the demand or supply for a good or service significantly changes in response to a change in price.

Total Revenue

The aggregate earning of a company from its operational activities, an indicator of its market success.

North American Free Trade Agreement

A trade agreement between Canada, Mexico, and the United States to remove tariffs and facilitate commerce.