Super Bowl XLVI Was Played Between the New York Giants

question 100

Multiple Choice

Super Bowl XLVI was played between the New York Giants and the New England Patriots in Indianapolis.Due to a decade-long rivalry between the Patriots and the city's own team,the Colts,most Indianapolis residents were rooting heartily for the Giants.Suppose that 90% of Indianapolis residents wanted the Giants to beat the Patriots. Refer to Exhibit 7-9.What is the probability that from a sample of 40 Indianapolis residents,fewer than 95% were rooting for the Giants in Super Bowl XLIV?

• A)0.0474
• B)0.1469
• C)0.8531
• D)Cannot be determined

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Definitions:

Opportunity Costs

The loss of potential gain from other alternatives when one particular option is chosen over them.

Project Analysis

The process of evaluating the potential risks and returns associated with investing in a particular project.

Market Value

The total value of a company or asset in the financial market based on the current price at which it can be bought or sold.

Idle

The state of an asset or resource not being in use, contributing no output or value during a certain period.