A Professor Has Learned That Three Students in His Class

question 27

Multiple Choice

A professor has learned that three students in his class of 20 will cheat on the final exam. He decides to focus his attention on four randomly chosen students during the exam. What is the probability that he finds at least one of the students cheating?

• A) 0.4912
• B) 0.4211
• C) 0.5088
• D) 0.5789

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Definitions:

Vacation Pay

Compensation for employees for time not worked due to vacation, accounted for by employers as a liability until used.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.

Average Repair Cost

The mean cost incurred for repairing an asset over a certain period, calculated by dividing the total repair costs by the number of repairs.

FICA Taxes

Taxes imposed by the Federal Insurance Contributions Act, which fund Social Security and Medicare, split between employees and employers.