Suppose 40% of the Population of Pre-Teens Have a TV

question 92

Multiple Choice

Suppose 40% of the population of pre-teens have a TV in their bedroom.If a random sample of 500 pre-teens is drawn from the population,then the probability that 44% or more of the pre-teens have a TV in their bedroom is _______.

• A) 0.9644
• B) 0.4644
• C) 0.0356
• D) 0.0400
• E) 0.9600

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Definitions:

Forward Currency

A contract to exchange a specific amount of one currency for another at a future date and at a predetermined rate, used to hedge against currency risk.

Premium

An amount paid in addition to the standard or nominal cost, often associated with insurance, bonds, or the difference above a product's nominal value.

Spot Rate

The current market price at which a particular asset, such as currency, commodity, or security can be bought or sold for immediate delivery.

Direct Quote

A currency exchange rate quoted as the domestic currency per unit of the foreign currency.