You Are Given That 7

question 1

Multiple Choice

You are given that 7.2% of the American population has Type O-negative blood.If 5 people are randomly selected to give blood,what is the probability that at least one of them has Type O-negative blood?

• A)0.688
• B)0.622
• C)0.312
• D)0.928

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Definitions:

Sales Increase

An upward trend in the volume or value of sales transactions over a particular period, indicating growth in business activity.

Margin of Safety

The difference between actual or projected sales and the break-even sales, indicating the amount by which sales can decline before a business incurs losses.

Percentage of Sales

A financial ratio that expresses certain financial metrics, such as expenses or profits, as a percentage of total sales, providing insight into efficiency or profitability.

Margin of Safety

This metric indicates the difference between actual or projected sales and the break-even sales point, highlighting the buffer a business has before it incurs a loss.