Tabulation of a Strike Vote Showed That 90% of Those

question 72

Multiple Choice

Tabulation of a strike vote showed that 90% of those voting cast their ballot in favour of strike action. You take a sample of 50 voters. Assume this to be a binomial distribution. What is the standard deviation for this distribution?

• A) 45
• B) 4.5
• C) 2.12
• D) 20.25

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Definitions:

IFRS

Global accounting guidelines known as International Financial Reporting Standards are used for the preparation of financial statements.

U.S. GAAP

United States Generally Accepted Accounting Principles - a framework of accounting standards, principles, and procedures used in the U.S. for financial reporting.

Revaluation

The process of reviewing and adjusting the carrying value of an asset or currency to reflect its current market value.

Commercial Substance

A concept in accounting that signifies a transaction causes a change in the future cash flows that is significant to a business.