Exhibit 5-12

question 51

Multiple Choice

Exhibit 5-12.According to a Department of Labor report,the city of Detroit had a 20% unemployment rate in May of 2011 (Bureau of Labor Statistics,May,2011) .Eight working-age residents were chosen at random. Refer to Exhibit 5-12.What is the probability that at least two of the residents were unemployed?

• A)0.1678
• B)0.3355
• C)0.4967
• D)0.5033

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Definitions:

Privacy

The condition of being free from unauthorized intrusion or disclosure, especially with respect to personal information.

Revenue Streams

The various sources from which a business earns money.

Loss-Leader Pricing

A pricing strategy where a product is sold at a price below its market cost to stimulate other profitable sales.

Pro Forma Income Statement

A financial statement that projects a company’s revenues, expenses, and net income for a specific period in the future, based on assumptions.