THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 129

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 at least 25% of these 50 invoices are for more than $800?

• A)0.1894
• B)0.8106
• C)0.3106
• D)0.8894

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Definitions:

Empire

A group of countries or territories under the control of a single ruler or government, often having a vast geographical span.

Eastern Europe

Eastern Europe refers to the region encompassing the eastern part of the European continent, characterized by its distinct cultural, historical, and political attributes.

Tariff Barriers

Taxes imposed on imported goods to protect domestic industries from foreign competition and to raise government revenue.

Totalitarian

A political system in which the state holds total authority over the society and seeks to control all aspects of public and private life.