In Norway,approximately 22% of Vehicles Are Electric Vehicles

question 14

Multiple Choice

In Norway,approximately 22% of vehicles are electric vehicles.What is the probability of randomly selecting 250 cars and finding out that 60 or more are electric?

• A) 0.233
• B) 0.223
• C) 0.213
• D) 0.203
• E) 0.193

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Definitions:

Employee Receivables

Amounts owed to a company by its employees, often due to overpayment or advancements.

Short-term Note Payable

A short-term note payable refers to a debt obligation that is due for repayment within a year or less.

Contingent Liability

A potential obligation that may arise depending on the outcome of a future event, not recognized on the balance sheet unless occurrence is probable and the amount can be reasonably estimated.

Estimated Liability

A potential financial obligation that may arise in the future, recognized in accounting based on probable expenditures.