Suppose That Past History Shows That 60% of College Students

question 97

Multiple Choice

Suppose that past history shows that 60% of college students prefer Coca-Cola. A sample of 10,000 students is to be selected. Which of the following distributions would you use to figure out the probability that at least half of them will prefer Coca-Cola?

• A) binomial distribution
• B) Poisson distribution
• C) normal distribution
• D) none of the above

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Definitions:

Financial Forecasting

The process of estimating or predicting how a business will perform in the future through the use of historical data and other information.

Fixed Assets Added

Refers to the purchase or acquisition of physical assets by a company that are expected to be used for longer than one accounting period.

Working Capital Strategy

A business approach focusing on managing a company's operational needs efficiently by balancing current assets and current liabilities to maintain liquidity.

Long-term External Financing

Funding obtained from sources outside the company, typically through issuing equity or long-term debt, intended for periods longer than one year.