A Recent Market Study Has Determined That the Probability That

question 77

Multiple Choice

A recent market study has determined that the probability that a young adult will be willing to try a new online financial service that your company is offering is 50%.In a random sample of 10 young adults,the probability that exactly 5 will be willing to try this new service is _________,and the approximate probability (using the normal distribution is) _________.

• A) 0.251; 0.246
• B) 0.246; 0.251
• C) 0.246; 0.248
• D) 0.249; 0.251
• E) 0.251; 0.249

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Definitions:

Maturity Matching

A financial strategy that involves matching the maturity dates of assets and liabilities to minimize the risk of liquidity issues.

Working Capital Financing

Short-term loans or other credit products used by companies to finance their daily operations and manage short-term liquidity.

Long-Term Debt

A financial obligation due for repayment in more than one year's time.

Cash Conversion Cycle

A metric that shows the number of days it takes for a company to convert its investments in inventory and other resources into cash flows from sales.