In a Study Conducted by UCLA,it Was Found That 25

question 116

Multiple Choice

In a study conducted by UCLA,it was found that 25% of college freshmen support increased military spending.If 6 college freshmen are randomly selected,find the probability that: Fewer than 4 support increased military spending

• A).0330
• B).7844
• C).9624
• D).9954

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Definitions:

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Incentives

Rewards or penalties that influence the motivation and behaviors of individuals and organizations towards certain actions.

Minimum-Wage Laws

A law that establishes the minimum hourly wage employers are legally allowed to pay their employees.

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage rate in an economy or specific market.