Super Bowl XLVI Was Played Between the New York Giants

question 63

Multiple Choice

Super Bowl XLVI was played between the New York Giants and the New England Patriots in Indianapolis.Due to a decade-long rivalry between the Patriots and the city's own team,the Colts,most Indianapolis residents were rooting heartily for the Giants.Suppose that 90% of Indianapolis residents wanted the Giants to beat the Patriots.What is the probability that from a sample of 100 Indianapolis residents,fewer than 95% were rooting for the Giants in Super Bowl XLVI?

• A) 0.0300
• B) 0.0475
• C) 0.4763
• D) 0.9525

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Definitions:

Cost-Minimizing Order Quantity

The optimal amount of inventory an entity should purchase to minimize total costs including holding, ordering, and shortage costs.

Holding Costs

Expenses associated with storing inventory until it is sold or used, including warehouse space, insurance, and spoilage costs.

Product Costs

Expenses directly associated with the production of goods or services, including materials, labor, and overhead.