Twenty-Five Individuals Are Randomly Selected Out of 100 Shoppers Leaving

question 92

Multiple Choice

Twenty-five individuals are randomly selected out of 100 shoppers leaving a local bedding store.Each shopper was asked if they made a purchase during their visit.Each of the shoppers has the same probability of answering 'yes' to having made a purchase.The probability that exactly four of the twenty-five shoppers made a purchase could best be found by _______.

• A)using the normal distribution
• B)using the binomial distribution
• C)using the Poisson distribution
• D)using the exponential distribution
• E)using the uniform distribution

Appreciate the complexity of value creation and its foundational assumptions in business.

Analyze the role of imagination and unconventional thinking in problem-solving and creativity.

Understand the application and interpretation of descriptive statistics in real-world situations.

Calculate and interpret the mean, standard deviation, range, and variance of a data set.

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Definitions:

1933 Securities Act

A U.S. law enacted to ensure more transparency in financial statements so investors can make informed decisions; it requires securities to be registered with the Securities and Exchange Commission.

Criminal Prosecution

The process by which a person accused of committing a crime is charged, tried, and judged, potentially leading to punishment.

Registration Statement

A description, filed with the SEC, of securities being offered for sale; includes an explanation of how proceeds from the sale will be used, information on the registrant’s business and properties, and certified financial statements.

Prospectus

A written document filed with the SEC that contains a description of a security and other financial information regarding the company offering the security; also distributed as an advertising tool to potential investors.