Suppose 30% of the Population Has Green Eyes

question 48

Multiple Choice

Suppose 30% of the population has green eyes. If a random sample of size 1200 is drawn, then the probability that less than 348 U.S. citizens have green eyes is ___.

• A) 0.2236
• B) 0.2764
• C) 0.2900
• D) 0.7764
• E) 0.3336

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Definitions:

Managerial Accounting

A branch of accounting focused on providing financial data and analysis to managers within organizations to inform decision-making.

Prescriptive

Pertaining to the detailed specification of a set of recommendations or rules designed to solve a problem or improve a situation.

Restrictive

Describing policies, practices, or measures that limit or control the actions and freedoms of individuals or groups.

Internal Control

Processes adopted by organizations to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.