Assume Your Friend Just Took an Exam Made Up of 20

question 3

Multiple Choice

Assume your friend just took an exam made up of 20 true/false questions. Further assume that your friend had no knowledge relevant to the questions, and consequently just guessed the answer to each question. What is the probability he will get an A, if 90 - 100% defines the A range?

• A) 0.0013
• B) 0.0011
• C) 0.0000
• D) 0.0002

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Definitions:

Hiring Capital

The resources, often financial, that an organization allocates to the process of recruiting and acquiring new employees or talent.

Future Profits

Expected gain in financial terms that a business anticipates receiving over a forthcoming period, based on current strategies, market conditions, and operations.

Hiring Labor

The process of finding, evaluating, and employing individuals to work for a business or organization.

Payment Stream

A sequence of payment installments made over a period of time, often associated with loans or annuities.