On a Particular Day, 112 of 280 Passengers on a Particular

question 76

Multiple Choice

On a particular day, 112 of 280 passengers on a particular DTW-LAX flight used the e-ticket check-in kiosk to obtain boarding passes. In a random sample of eight passengers, use the binomial model to find the approximate hypergeometric probability that four will have used the e-ticket check-in kiosk to obtain boarding passes.

• A).2322
• B).8263
• C).2926
• D).5613

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Definitions:

Operating Expense

Expenses incurred through normal business operations, like rent, utilities, and payroll.

Income Statement

A report detailing a firm's income, expenditures, and net income or loss for a certain time frame.

Operating Cycle

The time it takes for a company to purchase inventory, sell it to customers, and collect the cash from the sale.

Automobile Manufacturer

A company engaged in the designing, production, marketing, and selling of motor vehicles.