On a Saturday Evening, 34% of the People in Winnipeg

question 17

Multiple Choice

On a Saturday evening, 34% of the people in Winnipeg go out to dinner, 18% see a movie, 13% have a party, and 35% stay home. If seven people are randomly selected, what is the probability that one eats
Out, three see a movie, two have a party, and one stays at home?

• A) 0.099
• B) 0.459
• C) 0.102
• D) 0.0049

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Definitions:

Cash Coverage Ratio

This ratio measures a company's ability to cover its interest obligations with its cash flow, indicating financial health and risk.

Times Interest Earned Ratio

A financial metric used to measure a company's ability to meet its debt obligations, calculated by dividing earnings before interest and taxes (EBIT) by interest expenses.

Debt-To-Equity Ratio

A ratio demonstrating the balance between shareholder equity and debt in funding a company's assets.

Return On Equity

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how efficiently a company uses its equity investment.