Suppose 40% of All College Students Have a Computer at Home

question 13

Multiple Choice

Suppose 40% of all college students have a computer at home and a sample of 64 is taken. What is the probability that more than 30 of those in the sample have a computer at home?

• A) 0.3686
• B) 0.1314
• C) 0.8686
• D) 0.6314
• E) 0.1343

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Definitions:

Compounded Semi-annually

Calculating and adding interest to the principal twice a year, affecting the overall interest accrued over time.

Compounded Quarterly

The process of calculating interest on both the initial principal and the accumulated interest from previous periods, done four times a year.

Maturity

The date on which the principal amount of a financial instrument is due to be paid back in full.

Non-interest-bearing

Referring to financial instruments or accounts that do not earn interest over time.