A Recent Market Study Has Determined That the Probability That

question 54

Multiple Choice

A recent market study has determined that the probability that a young adult would be willing to try a new online financial service that your company is offering is 50%.In a random sample of 10 young adults, the approximate probability that at least 2 but no more than 3 will be willing to try this new service is _________.

• A)0.1575
• B)0.1612
• C)0.1775
• D)0.1812
• E)0.1975

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Definitions:

Personality Research

The scientific study of individual differences in behavior, emotion, and cognition.

Multiple Cohorts

A research approach involving multiple groups of people (cohorts) who are studied or observed over certain periods to understand changes or stability in certain characteristics or behaviors.

Validity

The extent to which a test, tool, or research study accurately measures what it is intended to measure or accurately reflects the real-world phenomena it aims to represent.

Measurement

The process of obtaining a quantitative description of an attribute or phenomenon, typically by comparing it to a standard unit.