There Are 90 Passengers on a Commuter Flight from SFO

question 109

Multiple Choice

There are 90 passengers on a commuter flight from SFO to LAX, of whom 27 are traveling on business. In a random sample of five passengers, use the binomial model to find the approximate hypergeometric probability that there is at least one business passenger.

• A).3087
• B).1681
• C).3602
• D).8319

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Definitions:

Accounts Receivable

Accounts receivable represents money owed to a company by its customers for goods or services delivered but not yet paid for.

Anticipated Cash Inflow

Expected or forecasted cash receipts from operations, investments, and financing activities within a future period.

Credit Sales

Transactions where goods or services are sold and payment is deferred, resulting in accounts receivable for the seller until the buyer pays at a later date.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, crucial for managing liquidity and financing needs.