Examlex

Solved

Super Bowl XLVI Was Played Between the New York Giants

question 44

Multiple Choice

Super Bowl XLVI was played between the New York Giants and the New England Patriots in Indianapolis. Due to a decade-long rivalry between the Patriots and the city's own team, the Colts, most Indianapolis residents were rooting heartily for the Giants. Suppose that 90% of Indianapolis residents wanted the Giants to beat the Patriots. What is the probability that from a sample of 200 Indianapolis residents, fewer than 170 were rooting for the Giants in Super Bowl XLVI?


Definitions:

Received

To have been given, accepted, or acknowledged something that is sent or provided.

Economic Rent

The excess payment made to a factor of production over and above what is needed to keep it in its current use.

Land

In economics, it refers to all natural resources used to produce goods and services, one of the factors of production.

Profits

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

Related Questions