A Small Vendor Has Either a Good Day of Sales

question 2

Multiple Choice

A small vendor has either a good day of sales with an average of $1,000 or a bad day with an average of only $500 for the day. To simulate these outcomes, random numbers from 00 to 99 should be assigned with the intervals determined from the frequency distribution. If, during the last 100 days, the vendor had 27 good days and 73 bad days, which of the following is a correct random-number interval for a bad day?

• A) 28 to 99
• B) 27 to 73
• C) 27 to 100
• D) 27 to 99
• E) 00 to 26

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Definitions:

Shareholder Voting Agreement

An agreement among shareholders outlining how they will vote their shares on certain matters such as elections of the board of directors, to ensure a particular outcome.

Bound

In legal terms, it refers to being legally or ethically obligated to do something.

Declare And Distribute

The process by which a company announces and then allocates dividends to its shareholders.

Dividends

Payments made by a corporation to its shareholder members, derived from the company's profits.