Suppose That AudioMart Has a Secret Sale Released Only on the Internet

question 85

Multiple Choice

Suppose that AudioMart has a secret sale released only on the Internet because management thought that word-of-mouth publicity about the sale would result in 5% of U.S. households recognizing the company name. If this is true, what is the probability that at least 100 of 2000 people surveyed recognize the company name? Round your answer to four decimal places. ​

• A)​1.0199
• B)​0.5199
• C)​0.5258
• D)​0.5261
• E)​0.5249

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Definitions:

Financing Activities

Transactions and events where a company raises capital or repays investors, including issuing shares or borrowing money.

Direct Method

A method for preparing the cash flow statement that lists major classes of gross cash receipts and payments.

Income Tax Expense

The cost associated with the taxes on a company's taxable income, reflecting the amount of income tax a company expects to pay to the government.

Income Taxes Payable

The sum of income tax that a corporation is liable to pay to the government but has not paid so far.