A Computer Programmer Is Writing a Program That Will Solicit

question 20

Multiple Choice

A computer programmer is writing a program that will solicit individuals to fill out a research questionnaire on why people answer unsolicited email requests.The program will randomly contact subscribers until someone responds positively.After the first response, the program redirects to the questionnaire and shuts down.If there is a 99.99% non-response rate, what is the probability that the program will send out 30 emails before shutting down?

• A) 9.99 × 10-88
• B) 0.9714
• C) 9.97 × 10-5
• D) 9.91 × 10-4

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Definitions:

Fair Value Increments

Increases in the value of an asset to reflect its current market price rather than its book value or purchase price.

Entity Method

A method of consolidation that treats all companies involved as a single, unified entity for financial reporting purposes.

Dividends Declared

A formal announcement by a company's board of directors to distribute a portion of the company’s earnings to shareholders.

Dividend Income

Income earned by investors from receiving dividends, which are distributed portions of a company's profit.