If Judy,who Forgot to Study for the Test,guesses on All

question 80

Multiple Choice

If Judy,who forgot to study for the test,guesses on all questions,what is the probability that she will answer exactly 3 questions correctly?

• A)0.7664
• B)0.0156
• C)0.2336
• D)0.0028
• E)0.3003

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Definitions:

AASB 16

The Australian Accounting Standards Board standard that specifies the principles for recognition, measurement, presentation, and disclosure of leases.

IFRS 16

An International Financial Reporting Standard that provides guidance on accounting for leases, requiring lessees to recognize assets and liabilities for most leases.

Lease Receipts

Payments received by a lessor from a lessee for the use of an asset during the lease term.