An Aptitude Test Is Believed to Have 80% Accuracy

question 33

Multiple Choice

An aptitude test is believed to have 80% accuracy.Find the probability that the test will be accurate for at least one of the next two persons who take the test.

• A) 0.92
• B) 0.68
• C) 0.84
• D) 0.96
• E) none of the above

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Definitions:

Foreign Subsidiary

A company that is partially or wholly owned but controlled by a parent company situated in another country.

Australian Parent Company

A company based in Australia that holds controlling interest in one or more subsidiary companies.

Consolidating Financial Statements

The process of combining the financial statements of a parent company with those of its subsidiaries to present as one set of financial statements.

Foreign Currency

Currency used in a country other than the one in which a company operates, affecting financial transactions and statements when converted.