THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 105

Multiple Choice

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
Suppose that 20% of all invoices are for amounts greater than $800.A random sample of 50 invoices is taken.
-What is the probability that more than 22.7% of these 50 invoices are for more than $800?

• A)0.1368
• B)0.2266
• C)0.3156
• D)0.2734

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Definitions:

Inventory Turnover

A financial ratio indicating how many times a company has sold and replaced inventory over a period.

Current Ratio

It's a measure of a corporation's capability to meet its immediate financial obligations using its current assets.

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term liquidity of the company.

Financial Ratios

Quantitative measures derived from a company's financial statements used to evaluate its financial performance and health.