Tabulation of a Strike Vote Showed That 90% of Those

question 88

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 probability that fewer than 40 of your sample voters are in favour of strike action?

• A) 0.2594
• B) 0.4952
• C) 0.0048
• D) 0.0091

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Definitions:

Committed Resource

Assets or inputs that a company has dedicated to a certain project or operational activity, reflecting a long-term investment or commitment.

ABC Implementation

The process of applying Activity-Based Costing, an accounting method that assigns costs to activities based on their use of resources.

Uncertainty

A condition characterized by a lack of sufficient knowledge, making it difficult to precisely identify the current situation, predict future events, or acknowledge multiple potential outcomes.

Outdated Costing System

A costing system that no longer accurately reflects the current production operations or costs, leading to misinformed pricing or investment decisions.