Forty-Four Percent of Consumers with Credit Cards Carry Balances from Month

question 9

Multiple Choice

Forty-four percent of consumers with credit cards carry balances from month to month. Four consumers with credit cards are randomly selected. What is the probability that all consumers carry a credit card balance?

• A) 0.1015
• B) 0.0375
• C) 0.3133
• D) 0.1390

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Definitions:

Stress Tolerance

The ability to remain calm and stable under pressure or during challenging situations.

Independence

The state or quality of being self-reliant and autonomous in thoughts and actions.

Interpersonal Competency

The ability to effectively communicate, interact, and work with others.

Social Responsibility

The ethical framework suggesting that individuals and organizations have an obligation to act for the benefit of society at large.