Assume Your Friend Just Took an Exam Made Up of 20

question 96

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 your friend will pass the exam. Each question has the same weight and 60% or more correct answers results in a passing grade.

• A) 0.1316
• B) 0.1307
• C) 0.2517
• D) 0.0580

---

Definitions:

Operating Expenditure

The costs associated with the day-to-day operations of a business, including salaries, rent, and utilities.

Financial Position

The snapshot of a company's assets, liabilities, and equity at a specific point in time, providing insight into its economic resources and obligations.

Operating Condition

The current state and functioning status of a company's operational processes and resources.