According to the 2011 Gallup Daily Tracking Polls (Www

question 39

Multiple Choice

According to the 2011 Gallup daily tracking polls (www.gallup.com, February 3, 2012) , Mississippi is the most conservative U.S. state, with 53.4 percent of its residents identifying themselves as conservative. What is the probability that at least 50 respondents of a random sample of 100 Mississippi residents do not identify themselves as conservative?

• A) 0.0499
• B) 0.2478
• C) 0.4966
• D) 0.7517

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Definitions:

Goods Sold

The total quantity of products that have been sold to customers.

Adjusted Cost

The cost of an asset after accounting for adjustments such as depreciation, improvements, or damage.

Estimated Manufacturing Overhead

Projected costs that a company expects to incur for manufacturing overhead, excluding direct labor and materials.

Applied Overhead

The portion of overhead costs allocated to specific products or cost objects based on the predetermined overhead rate.