Suppose 40% of the Population Possess a Given Characteristic

question 24

Multiple Choice

Suppose 40% of the population possess a given characteristic.If a random sample of size 300 is drawn from the population, then the probability that 44% or fewer of the samples possess the characteristic is ___.

• A)0.0793
• B)0.4207
• C)0.9207
• D)0.9900
• E)1.0000

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Definitions:

Theater Tickets

Documents that grant the holder the right to enter a theater and see a performance.

Performance

The act of executing or accomplishing work, tasks, or duties, often measured against predefined standards.

Prepaid Rent

Represents the payment of rent in advance before it is due, recorded as an asset on the balance sheet until it is expensed.

Deferral

An accounting concept where revenue or expense is recognized at a date later than the point when cash was originally exchanged.