Sixty Percent of the Customers of a Fast Food Chain

question 113

Multiple Choice

Sixty percent of the customers of a fast food chain order the Whopper, French fries and a drink. If a random sample of 15 cash register receipts is selected, what is the probability that 10 or more will show that the above three food items were ordered?

• A) 1,000
• B) 0.186
• C) 0.403
• D) 0.000

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Definitions:

Contributions

Money that is given or paid into a fund or a plan, often used in contexts of pensions, insurance, and investments.

Investments

The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit.

Compounded Semi-annually

A method of calculating interest where the interest is added to the principal sum twice a year, resulting in interest on interest.

Semi-annual Payments

Payments that are made twice a year as a means to fulfill a financial obligation.