Elly's Hot Dog Emporium Is Famous for Its Chilidogs

question 53

Multiple Choice

Elly's hot dog emporium is famous for its chilidogs. Some customers order the hot dogs with hot peppers, while many do not care for that added bit of zest. Elly's latest sales indicate that 30% of the customers ordering her chili dogs order it with hot peppers. Suppose 18 customers are selected at random. What is the probability that between two and six people inclusive want hot peppers?

• A) 0.015
• B) 0.15
• C) 0.708
• D) 0.807

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Definitions:

Treasury Stock

Shares that were issued and later reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Debit Balance

A debit balance is the amount of money that a business or individual owes; it reflects transactions that have been debited to an account, increasing the total debit.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and make major decisions for a corporation.

Corporate Registrar

A corporate registrar is an entity responsible for maintaining a company’s register of shareowners and managing share issues and transfers.