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A multiple-choice test has 30 questions. There are 4 choices for each question. A student who has not studied for the test decides to answer all questions randomly. What type of probability distribution can be used to figure out his chance of getting at least 20 questions right?
Equipment
Tangible assets used in the operation of a business, not intended for sale.
Selling Price
The price at which a product or service is sold to customers, determining the revenue generated from sales activities.
Note Payable
A written promise to pay a specified sum of money, usually with interest, by a certain date.
Financing Activities
Transactions related to raising capital and paying back investors, including issuing equity and debt as well as dividend payments.
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