Exhibit 5-11

question 4

Multiple Choice

Exhibit 5-11.For a particular clothing store,a marketing firm finds that 16% of $10-off coupons delivered by mail are redeemed.Suppose six customers are randomly selected and are mailed $10-off coupons. Refer to Exhibit 5-11.What is the expected number of coupons that will be redeemed?

• A)0.81
• B)0.96
• C)3.42
• D)5.04

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Definitions:

Business Transaction

An economic event or activity that changes a company's financial position or earnings, often involving exchanges of value.

Gain

Gain refers to an increase in the value of an investment or asset, resulting in a financial profit when the asset is sold or valued.

Loss

A financial condition in which expenses exceed revenues, resulting in a negative balance.

Accounting Books

Official ledgers or books that record all financial transactions of a business, forming the basis for the company's financial statements.