On a Survey at a Particular University, 74% of the Students

question 31

Multiple Choice

On a survey at a particular university, 74% of the students indicated that they have misplaced their
Student Identification Card at least once in the past year. If 8 students are in a campus computer lab,
What is the probability that 1 or 2 of them have misplaced their Student Identification Card in the
Past year? Round to four decimal places, if necessary.

• A)0.8104
• B)0.0099
• C)0.0114
• D)0.0052

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Definitions:

Net Present Value

A financial metric used to assess the profitability of an investment or project by calculating the difference between the present value of cash inflows and outflows over a period of time.

Internal Rate of Return

The discount rate at which the net present value of an investment's cash flows equals zero, used as a metric to evaluate the profitability of potential investments.

Interest Rates

The cost of borrowing money or the return earned from lending money, typically expressed as a percentage of the principal.

Yearly Save

Yearly save refers to the amount of money or cost savings that an organization or individual aims to achieve within a one-year period.