Suppose 40% of the Population of Pre-Teens Have a TV

question 92

Multiple Choice

Suppose 40% of the population of pre-teens have a TV in their bedroom.If a random sample of 500 pre-teens is drawn from the population,then the probability that 44% or more of the pre-teens have a TV in their bedroom is _______.

• A) 0.9644
• B) 0.4644
• C) 0.0356
• D) 0.0400
• E) 0.9600

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Definitions:

Mixed Cost

A cost consisting of a fixed component and a variable component, changing in total with the level of activity but remaining constant per unit.

Units-Of-Production Depreciation

A method of depreciation that allocates an asset's cost based on its usage, productivity, or units of production, rather than the passage of time.

Activity Bases

Criteria or units of measure used to allocate costs in activity-based costing, reflecting the extent to which cost drivers are used or consumed.

Total Variable Cost

The sum of all costs that vary directly with the level of production or output.