A Student Randomly Guesses the Answers to a Five-Question True/false

question 10

Multiple Choice

A student randomly guesses the answers to a five-question true/false test.If there is a 50% chance of guessing correctly on each question, what is the probability that the student misses exactly 1 question?

• A)0.200
• B)0.031
• C)0.156
• D)0.073
• E)0.001

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Definitions:

Pro Forma Sales Forecasts

Pro forma sales forecasts are projected financial statements showing expected sales revenue, often used for planning and investment assessment.

Pro Forma Statements

Financial statements that project a company's financial performance in the future, based on certain assumptions and adding or excluding non-recurring items.

Anticipated Rate of Growth

The expected annual increase in a company's revenue or profit, often expressed as a percentage.

Financial Leverage

The use of borrowed funds with a fixed cost to finance the assets of the business to increase the potential return to shareholders.